58

7

News

Check out the 2nd quarter 2024 operating profits for the Big 4 entertainment companies

AKP STAFF
Posted by Sophie-Ha Thursday, August 8, 2024 15,492

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 - HYBESM 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).


SEE ALSO: ‘ToGetHer’ episodes 3 and 4 postponed amid controversy surrounding cast member Ri Won

  1. misc.
15,492 Share 89% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Lee Sang Min
Lee Soo Geun, Seo Jang Hoon
misc.
Go Youn Jung, Jo Se Ho, Yoo Jae Suk
B2ST, Highlight, Dongwoon, Doojoon, Kikwang, Yoseob
(G)I-DLE
Kim Soo Hyun
Seventeen
misc.
misc.
Kim Soo Hyun
Lee Sang Min
Seventeen
(G)I-DLE
Lee Soo Geun, Seo Jang Hoon
New Message

SEND