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HYBE Revenue Up 38% in Q1 as New Boy Band Details Emerge

HYBE's earnings in Q1 2025 show revenue was up 38% as new boy band details emerged. Concerts and merch sales made up a dip in recorded music revenue.

South Korea’s HYBE used its artists’ heavy touring schedule and strong merchandise and licensing revenues to overcome a slight drop in recorded music sales in the first quarter of 2025. “Typically, the first quarter is a period when artists take a break after busy year-end activities and prepare for new albums and projects,” CFO Kyungjun Lee said during the earnings call Tuesday (April 29). He described the five-member group as “a next generation creator crew that pursues self-expression in completely new styles and senses” and will perform “very original music that has not existed in the past.”

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