HYBE Labels Releases Q3 2023 Sales And Operational Profitability.

Sales and operating earnings for Q3 of 2023 are reported by HYBE Labels for

The third quarter of 2023 performance results for HYBE Labels have been released.

The entertainment company had sales of 537.9 billion KRW (about $400 million USD) and operating profits of 72.7 billion KRW (about $54.3 million USD) for the same quarter in 2022. These figures represent a 21% and 20% rise, respectively.

Using both physical albums and internet streaming and downloads, musicians such as BTS’s V, Jungkook, Seventeen, TOMORROW x TOGETHER, and NewJeans showcased their selling prowess in Q3. This quarter’s revenues also included sales of BTS’s official 10-year photobook, “Beyond The Story,” and merchandise from Seventeen and ENHYPEN’s maiden world tour, “Flame Rises.”

The fourth quarter is predicted to see HYBE Labels perform better, particularly in physical album sales, thanks to the simultaneous release of four albums: BTS Jungkook’s “Golden,” Seventeen’s “Seventeenth Heaven,” TOMORROW x TOGETHER’s “The Name Chapter: Freefall,” and ENHYPEN’s “Orange Blood.”