HYBE Labels reports total sales and profits for the 3rd quarter of 2022
. Additionally, 239.3 KRW of the total sales resulted from MD sales, licensed product distribution, and other various content.
The corporation reported a total operating profit of 60.6 billion KRW for the third quarter, an 8% decrease from the same quarter in 2021. HYBE Labels attributed this decrease in profit to the significant investment used in the production of a rookie group audition program, as well as funds used for the production of offline concerts. . In 2023, the label plans on launching a global girl group project with auditions taking place in the U.S.
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