[theqoo] PERFORMANCE OF THE BIG 4 COMPANIES (HYBE, SM, YG, JYP) IN THE FIRST HALF OF 2023

1. HYBE

HYBE saw the most sales. This comes as no surprise, given the number of artists and labels under them. The numbers include all their sub-labels as well. Their total sales for the second quarter are ₩621 billion KRW (about $472 million USD) with operational profit being ₩81.3 billion KRW (about $61.7 million USD). On the other hand, their net profit stands high at ₩117 billion KRW (about $89.1 million USD).

Combined with the first quarter, their total sales for the first half of 2023 is ₩1.03 trillion KRW (about $783 million USD), their operational profit ₩140 billion KRW (about $106 million USD), and their net profit ₩140 billion KRW (about $107 million USD).

2. SM Entertainment

SM Entertainment comes in second. Their total sales for the second quarter are ₩240 billion KRW (about $182 million USD) with operational profit being ₩35.7 billion KRW (about $27.1 million USD). On the other hand, their net profit stands high at ₩28.3 billion KRW (about $21.5 million USD).

Combined with the first quarter, their total sales for the first half of 2023 is ₩444 billion KRW (about $337 million USD), their operational profit ₩53.9 billion KRW (about $40.9 million USD), and their net profit ₩51.3 billion KRW (about $39.0 million USD).

3. YG Entertainment

YG Entertainment’s numbers are impressive, given that they only have a few active groups under them right now. Their total sales for the second quarter are ₩158 billion KRW (about $120 million USD) with operational profit being ₩28.9 billion KRW (about $21.9 million USD). On the other hand, their net profit stands high at ₩27.2 billion KRW (about $20.7 million USD).

Combined with the first quarter, their total sales for the first half of 2023 is ₩316 billion KRW (about $240 million USD), their operational profit ₩65.3 billion KRW (about $49.6 million USD), and their net profit ₩58.5 billion KRW (about $44.4 million USD).

4. JYP Entertainment

JYP Entertainment saw great results as well. They actually saw more profit in the first half of 2023 than SM Entertainment and YG Entertainment.

Their total sales for the second quarter are ₩152 billion KRW (about $115 million USD) with operational profit being ₩45.7 billion KRW (about $34.7 million USD). On the other hand, their net profit stands high at ₩25.4 billion KRW (about $19.3 million USD).

Combined with the first quarter, their total sales for the first half of 2023 is ₩270 billion KRW (about $205 million USD), their operational profit ₩87.7 billion KRW (about $66.6 million USD), and their net profit ₩68.1 billion KRW (about $51.7 million USD).

CR: Koreaboo

original post: here

1. BP is a girl group but they basically earned everything by themselves. I feel like 90% of YG is just BP...

2. The fact that people say that JYP spends the least on their groups is the funniest thing. They are just not making as much. If only they stopped running their failed business

3. YG only has BP and Treasure and they earned so much... please treat them better

4. Just looking at the scale of BP's world tour, you can tell

5. JYP spends a lot of money on Stray Kids, their MVs are such masterpieces

6. Blackpink doesn't even have a lot of members so for them to have that much money means that they really made a lot

7. With how much revenue HYBE is making, their profit is pretty small.. seems like they had a lot of expenses

8. I know that YG doesn't really have any other revenue streams aside from BP so those numbers are amazing...

9. SM, fighting!

10. JYP are so stingy

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