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Posted by Germaine-Jay Tuesday, May 4, 2021

HYBE reveals 1st quarter earnings of 2021

AKP STAFF

HYBE (formerly Big Hit Entertainment) has revealed its earnings from the first quarter of 2021.

On May 4, HYBE revealed the media company recorded sales of 178.3 billion Won ($158,321,538.49 USD) and an operating profit of 21.7 billion Won ($19,268,521.51 USD). This means that compared to the first quarter of last year, the company's sales and operating profits increased by 29% and 9%, respectively.

HYBE also revealed a tremendous increase in sales from merchandise, licensing, and artist-related content. Revenue from merchandise rose by 89% to 64.7 billion Won ($57,446,004.22 USD), while content rose by 360% to 37.2 billion Won ($33,029,232.72 USD). Revenue from ads and artist appearances rose by 63%, and revenue from fan clubs rose by 24%.

Stay tuned for updates on HYBE and HYBE artists.

  1. BTS
  2. TXT
  3. HYBE ENTERTAINMENT
  4. BIG HIT ENTERTIANMENT
28 11,368 Share 75% Upvoted

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Starsenna
Starsenna1,882 pts Tuesday, May 4, 2021 0
Tuesday, May 4, 2021

Imagine all the free content we get every single week and how much their time is actually worth it’s crazy

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15

redhell1000
redhell10003,238 pts Tuesday, May 4, 2021 1
Tuesday, May 4, 2021

Hybe & Big Hit Music will have a great May BTS Butter & TXT Chaos chapter Freeze

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