Hybe Q3 Revenue Dips 18.8%, Plans Strong Q4 Lineup and 2025 BTS Return
Hybe reported significant financial changes in Q3 2024, with recorded music revenue declining 18.8% year-over-year to $153.21 million. The company, home to BTS, NewJeans, and Seventeen, saw total revenue drop 1.9% to $376.98 million.
Key Financial Highlights:
- Recorded music: Down 18.8% to $153.21 million
- Concert revenue: Decreased 14.8% to $52.85 million
- Merchandise/licensing: Up 15.7% to $70.73 million
- Contents revenue: Increased 63.6% to $56.90 million
- Operating profit: Fell 25.4% to $36.68 million
Six women lineup on stage
Notable Q3 Releases:
- Enhypen's Romance: Untold
- Le Sserafim's Crazy EP
- Katseye's debut EP SIS (Soft Is Strong)
Weverse Platform Growth:
- Reached 9.7 million monthly active users
- Implementing new features and advertising strategies
- Developing label-focused subscription membership
Upcoming Q4 Releases:
- Seventeen's Spill the Feels (Released)
- Enhypen's repackaged second album (November 11)
- Jin's debut solo album Happy (November 15)
BTS Update: All seven members are expected to complete military service by June 2025, setting the stage for a potential group reunion.
Businessman checking phone with charts
Five members of NewJeans posing together
Man wearing green shirt at screen
Related Articles
Diplo Revenge Porn Case Dismissed After Judge Orders Accuser Identity Reveal
