Hive's Q3 Revenue Hits 527.8 Billion KRW... Annual Sales Within Reach of 2 Trillion KRW (Update)

Sales of 527.8 Billion KRW, Operating Profit of 54.2 Billion KRW
Down 1.9% and 25.4% Year-on-Year, Respectively

HYBE announced on the 5th that it recorded consolidated sales of 527.8 billion KRW and an operating profit of 54.2 billion KRW in the third quarter of this year. Sales and operating profit decreased by 1.9% and 25.4%, respectively, compared to the same period last year.

Regarding this performance, HYBE explained, "Although the release of albums by HYBE Music Group artists was somewhat postponed due to the impact of the Olympic Games, indirect participation-type sales reflecting the achievements of artist intellectual property (IP)-related businesses showed a significant upward trend, driving the performance."

Cumulative sales for the third quarter of this year exceeded 1.5 trillion KRW. Following last year, achieving annual sales of 2 trillion KRW for two consecutive years is also within sight.

Among total sales, direct participation-type sales such as album sales, performances, and advertising amounted to 323 billion KRW. Despite the global event of the Olympics in the third quarter, the growth in album sales of ENHYPEN and BOYNEXTDOOR, NewJeans’ debut single in Japan achieving million-seller status, and strong digital music performance by BTS’s Jimin and LE SSERAFIM contributed to the results. Cats Eye, which showed good digital music performance globally upon debut, also contributed to album sales.

Indirect participation-type sales, including MD and licensing, content, and fan club sales, totaled 204.9 billion KRW. This represents a 32% increase compared to the same period last year. All sectors of indirect participation-type sales rose compared to the previous year, with the content sector showing the highest growth at 64% increase in sales.

The operating profit margin was in the 10% range. HYBE’s operating profit margin has been on an upward trend this year, rising from 4% in Q1, 7.9% in Q2, to 10.3% in Q3. As the initial infrastructure setup for new business development enters its final stage, the operating profit margin is recovering.

In the fourth quarter, various HYBE Music Group artists, led by BTS’s Jin, will be active. Jin will release his first solo album, ‘Happy,’ on the 15th. The pre-release track from this album, ‘I’ll Be There,’ ranked number one on Japan’s Oricon Chart and China’s QQ Chart immediately after release, and also topped iTunes’ ‘Top Song’ charts in 70 countries and regions including Japan, Brazil, and Australia.

Seventeen, who made a comeback in October with their 12th mini-album ‘SPILL THE FEELS’ after six months, recorded initial sales of 3.16 million copies, setting a triple million-seller record. Starting with a concert at Goyang Sports Complex Main Stadium in October, Seventeen will continue their world tour ‘SEVENTEEN [RIGHT HERE] WORLD TOUR’ through early next year.

TOMORROW X TOGETHER is preparing for the encore concert of their third world tour ‘TOMORROW X TOGETHER WORLD TOUR’ and will continue activities with their 7th mini-album ‘The Name Chapter: SANCTUARY,’ released on the 4th.

LE SSERAFIM, who charted for two consecutive weeks on the US Billboard ‘Hot 100’ with the title track ‘CRAZY’ from their 4th mini-album, will release a Japanese single in December. BOYNEXTDOOR, who achieved million-seller status with their 3rd mini-album ‘19.99’ in September, will hold their first solo tour, ‘BOYNEXTDOOR TOUR ‘KNOCK ON Vol.11,’ in December.

ENHYPEN will continue their momentum with the repackaged album ‘ROMANCE : UNTOLD -daydream-’ set to be released on the 11th.