2021 Q1 financial results revealed for HYBE, SM, JYP, and YG

Every quarter, each public company gives financial reports as they report their income and expenditures.

Recently, the big 4 companies - HYBE Corporation, SM Entertainment, JYP Entertainment, and YG Entertainment - released their financial reports for the first quarter of 2021 (January, February, March).

HYBE Corporation

178.3 billion KRW in sales (~156.8 Million USD)

21.7 billion KRW in operating profit (~19.1 Million USD)

15.8 billion KRW in net income (~13.9 Million USD)

JYP Entertainment

32.3 billion KRW in sales (~28.4 Million USD)

13.7 billion KRW in operating profit (~12 Million USD)

12 billion KRW in net income (~10.6 Million USD)

SM Entertainment

154.2 billion KRW in sales (~135.7 Million USD)

15.38 billion KRW in operating profit (~13.5 Million USD)

8.67 billion KRW in net income (~7.6 Million USD)

YG Entertainment

97 billion KRW in sales (~85.3 Million USD)

9.53 billion KRW in operating profit (~8.4 Million USD)

8.65 billion KRW in net income (~7.6 Million USD)

After seeing the numbers, netizens gathered to an online community to give their impression of the Q1 results.

Netizens commented, "I'm amazed HYBE was able to get that much profit even without BTS making a comeback," "Wow, look at HYBE Corporation's income," "JYP entertainment is making quite a lot too," "JYP has low sales but the second highest net income. That's operating efficiency," "I don't think there were any artists making a comeback during the first quarter this year at HYBE but they were able to make that much profit? Wow," "That's amazing," "Wow, HYBE is going to earn like crazy during the second quarter with BTS's comeback," "HYBE is epic," "HYBE's market cap is bigger than all three of the others combined I think lol," and "JYP should invest more in their artists since they're earning a lot too, lol."