39

20

News

Netizens discuss performance results of each HYBE Labels subsidiary for the first half of 2024

AKP STAFF
Posted by Susan-Han Wednesday, August 14, 2024 23,885

According to information from a stock market online community, below are the performance results of the 5 major subsidiaries under HYBE Labels in the first half of 2024. 

  • Source Music (Artist(s): LE SSERAFIM) -- Sales: 35,159,236,000 KRW (~ $25,828,000 USD) / Net income: 6,098,879,000 KRW (~ $ 4,480,000 USD)
  • ADOR (Artist(s): NewJeans) -- Sales: 61,466,068,000 KRW (~ $45,154,000 USD) / Net income: 11,030,377,000 KRW (~ $8,103,000 USD)
  • Pledis (Artist(s): Seventeen, fromis_9, TWS) -- Sales: 158,325,808,000 KRW (~ $116,308,000 USD) / Net income: 27,502,347,000 KRW (~ $20,204,000 USD)
  • BeLift Lab (Artist(s): ENHYPEN, ILLIT) -- Sales: 55,043,874,000 KRW (~ $40,436,000 USD) / Net income: 15,944,158,000 KRW (~ $11,713,000 USD)
  • Big Hit (Artist(s): BTS, TOMORROW x TOGETHER) -- Sales: 164,700,000,000 KRW (~ $120,991,000 USD) / Net income: 48,000,000,000 KRW (~ $35,262,000 USD)

Korean netizens on an online K-Pop community responded with comments like, 

"I wonder how much NewJeans will make if they went on a world tour."
"Pledis and BeLift Lab both have huge differences in sales and income because they launched rookie teams."
"Based on numbers alone, it doesn't make sense why any of the big wigs at HYBE would want Min Hee Jin out..."
"Okay but NewJeans came back in May so they made that much in like 2 months..?"
"BeLift stop pocketing the money for yourselves and invest some in the boys!!"
"BeLift is doing surprisingly well."
"Thinking back on how poorly BeLift treats the boys... this makes me mad all over again."
"They didn't include KOZ because KOZ had losses??"
"KOZ reported a net loss of 800 million KRW (~ 587,690 USD) from launching BOYNEXTDOOR."
"If ADOR can make that much with a girl group alone, imagine them tripling it with a boy group... HYBE why are you so dumb."
"Even with the new group launch and fromis_9 hanging in there, the difference between sales and income for Pledis is too much..."

SEE ALSO: Park Na Rae responds to ex-managers’ allegations and property seizure “I’m heartbroken”

  1. BTS
  2. ENHYPEN
  3. fromis_9
  4. ILLIT
  5. LE SSERAFIM
  6. NewJeans
  7. Seventeen
  8. TWS
  9. TXT
23,885 Share 66% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Lee Bum Soo, Lee Min Jung, Yoo Ji Tae
Jo Se Ho, Yoo Jae Suk
Kim Jun Ho, Park Na Rae
Kim Sae Ron, Kim Soo Hyun
Jo Se Ho
Park Na Rae
Cho Jin Woong
Kim Sae Ron, Kim Soo Hyun
Lisa, Lee Jin Wook, Ma Dong Seok
Kim Sae Ron, Kim Soo Hyun
aespa, Winter, BTS, Jungkook
Kim Chung Ha
IVE, Wonyoung
Kim Sae Ron, Kim Soo Hyun
The Boyz
New Message

SEND