Get the latest gossip
Hybe Revenue and Profit Growth Are Propelled by Booming Album Sales, Concerts
Full year revenues and profits at Korea's Hybe were lifted by sharply increased album sales and concert activities.
Hybe, the Korean entertainment group behind BTS, saw revenues and profits both grow by more than a fifth in 2023 as album sales doubled and post-COVID conditions allowed more concerts. The year-on-year profits surge came despite a net loss in the fourth quarter (of KRW53 billion or $39.8 million), albeit a lower figure than in the preceding year. Hybe America’s management affiliate SB Projects signed new artists such as multi-award-winning Puerto Rican singer and songwriter Ozuna and Atlantic Records’ breakout rapper Kaliii, last year.
Or read this on Variety
