2024 has been another successful year for K-pop.
As we're already 8 months into the year, the 2nd quarter of 2024 has revealed varied financial reports for the 'Big 4' entertainment companies in the K-pop industry - HYBE, SM Entertainment, JYP Entertainment, and YG Entertainment.
HYBE Corporation, home to global sensations like BTS and SEVENTEEN, reported an impressive operating profit of 50.9 billion KRW (~37 million USD) on revenue of 640.5 billion KRW (~465 million USD).
SM Entertainment, known for its influential acts like EXO, NCT, and aespa, posted an operating profit of 31.8 billion KRW (~23.1 million USD) on revenue of 244.1 billion KRW (~177 million USD).
JYP Entertainment, with popular groups such as TWICE, Stray Kids, and ITZY, recorded an operating profit of 20 billion KRW (~14.5 million USD) on revenue of 96.8 billion KRW (~70.35 million USD).
YG Entertainment, the label behind BABYMONSTER, reported an operating profit of 300 million KRW (~217,917.18 USD) on revenue of 101.7 billion KRW (~73.9 million USD).
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