[Market Focus] HYBE Surges Over 6% on Strong Q2 Results, Positive Outlook for Q3

HYBE is showing strong performance in early trading on August 7. Investor sentiment appears to be recovering, driven by strong results in the second quarter and growing expectations for continued growth in the third quarter.

As of 9:09 a.m. on this day, HYBE shares were trading at 275,500 won on the Korea Exchange, up 6.37% from the previous trading day. The stock opened at 271,500 won, rose to as high as 282,000 won during the session, and then slightly declined.

The previous day, HYBE announced that its second-quarter revenue rose 10.2% year-on-year to 705.6 billion won, while operating profit increased 29.4% year-on-year to 65.9 billion won. In particular, concert revenue jumped 31% compared to the previous year, driving overall sales growth. MD·licensing revenue also increased by 40% year-on-year.

The outlook for the third quarter is also positive. Kim Hyun-yong, a researcher at Hyundai Motor Securities, explained, "The number of concert attendees in the third quarter is expected to surge by 123% year-on-year to 1.5 million," adding, "Operating profit is also projected to jump 51% year-on-year to 81.9 billion won." He further predicted, "By artist, ENHYPEN will contribute 380,000 attendees, BTS Jin 330,000, Seventeen 240,000, TXT 170,000, and Le Sserafim 160,000, with each group making a balanced contribution."