Hybe, the South Korean company behind BTS, enjoyed a 31% increase in quarterly revenue for the three months to September, but suffered an 8% fall in operating profits Its top line revenue reached K…
, enjoyed a 31% increase in quarterly revenue for the three months to September, but suffered an 8% fall in operating profits Its top line revenue reached KRW446 billion . Operating profits were reported as KRW60.6 billion .
Revenue categories excluding artists’ promotion—merchandise sales, licensing, contents, fan club, etc.—totalled KRW 239 billion. Among these businesses, merchandise sales and licensing delivered the biggest portion, recording KRW 115 billion, while content business involving BTS’ DVD, “BTS Island: In the SEOM”, generated KRW 107.2 billion.
Hybe says that it expects such investments and larger scale concerts will naturally enhance profitability in the future.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Video of South Korean students' celebration shared in false posts about deadly Halloween crowd crushA video viewed hundreds of thousands of times online has been shared alongside a false claim it shows a large group of students in Seoul's popular Itaewon entertainment district deliberately swaying back and forth shortly before a deadly Halloween crowd crush unfolded. In fact, the video shows the students partying in another district about eight kilometres (five miles) from where the crowd crush occurred.
Read more »
Angelenos set up memorial for the 156 people killed in South Korean crowd surgeMourners stopped by a public memorial in Koreatown to honor the people killed in the tragic crowd surge in South Korea.
Read more »
North Korea fires 23 missiles, one landing off South Korean coast for first timeThe Japanese government branded North Korea's missile launches ‘unacceptable,' after Pyongyang fired another potential ballistic missile that flew at an extremely low altitude of less than 31 miles and landed outside of Japan's Exclusive Economic Zone
Read more »
South Korean officials apologize for Halloween crowd surgeSouth Korea's police chief publicly admitted that officers failed to adequately respond to citizen warnings about a large crowd at a Halloween event in Seoul, where a surge killed over 150 people: 'The action of the police was insufficient.'
Read more »
Families of Halloween crush victims identify lost items as South Korean police admit mistakes | CNNln a cavernous Seoul gymnasium Tuesday, grieving families inspected neat rows of belongings left behind at the scene of the deadly street crush in Itaewon.
Read more »
Breakingviews - Ocado’s South Korean deal is valuation rocket fuelOcado Chief Executive Tim Steiner is showing that growth stocks can thrive even in the most difficult of markets. Shares in the 5.4 billion pound ($6.2 billion) online grocer surged almost 40% on Tuesday after it inked a new deal with South Korea’s Lotte Shopping . Ocado plans to build six robotic warehouses for the grocer by 2028, with the first one due to go live in 2025. It looks like a great deal for the UK-based group: the hit to capital expenditures seems relatively small, partly because Lotte is covering some of the costs.
Read more »