Cube Entertainment’s 3rd Quarter Results Are Amazing (Nov 9th).

Cube Entertainment broke 3rd quarter records with (G)I-DLE’s triple hit triumph.
On November 9, Cube Entertainment reported a 3rd-quarter base sales of 22 billion won and an operating profit of 3 billion won. Revenue rose 90% and operating profit produced a profit compared to last year.

This increased the cumulative standalone basis revenue for the 3rd quarter to 65 billion won, surpassing last year’s annual cumulative revenue, and the cumulative operating profit to 10.1 billion won, surpassing 100 billion won for the first time since the company’s founding.

Including subsidiary enterprises, 3rd quarter consolidated basis revenue was 39.1 billion won and operating profit was 3.4 billion won, up 50% and 430% over last year. In the 3rd quarter, total consolidated base revenue reached 105.8 billion won, and cumulative revenue topped 100 billion won. The 3rd quarter consolidated basis operating profit was 99.8 billion won.

(G)I-DLE has had three consecutive hits with ‘Tomboy’ and ‘Nxde’ last year and ‘Queencard’ in the first half of this year, achieving the highest cumulative entertainment sector revenue in the 3rd quarter, including album sales, music streaming, and advertising, compared to last year.

Cube officials stated, “With (G)I-DLE’s three consecutive hits and million-seller status, the IP value has risen, and as the global fandom gradually expands, advertising revenue has increased by 170% compared to the same period last year, including numerous advertising contracts, including becoming ambassadors for luxury brands overseas

The official said, “(G)I-DLE’s second world tour drew over 130,000 attendees, 2.5 times the increase from last year, and MD sales increased. The third-quarter settlement of Chinese activities centered around (G)I-DLE’s Chinese member Yuqi increased revenue and operational profit.

He said, “The results of (G)I-DLE’s world tour, which ended in late October, will be reflected in the 4th quarter, and expectations are high for the related 4th quarter results.”

On November 6, Cube confirmed the departure of BTOB members Seo Eunkwang, Lee Minhyuk, Lee Changsub, Im Hyunsik, Peniel, and Yook Sungjae.

Cube said, “Ahead of the expiration of BTOB’s second exclusive contract, we have carefully discussed with the members for a long time, and as a result of mutual agreement, we have decided not to renew the contract.”

From wikitree

GIDLE BTOB Cube Entertainment
Google News

Related Articles
(g)idle soojin
Will Ex-(G)I-DLE Soojin overcome school violence claims and succeed with “Lady”?
5 days ago
Cube thumbnail “BTOB offers other agencies a 6 billion won group contract fee? No relation”
1 week ago
Mama Awards 2023-thumbnail
From 17 to LE SSERAFIM… Second Lineup Unveiled for ‘2023 MAMA’
1 week ago
blackpink image
41% are English “After BLACKPINK’s success, girl groups’ song lyrics use English more”
1 week ago
cube
Cube Announces New Boy Group 8 Years After PENTAGON
1 week ago
Jini Seo Soojin
Jinni and Seo Soojin leave NMIXX and move to soloism: Will they succeed?
Two weeks ago

Subscribe Login

[+] 0 COMMENTS
Recent Posts

btob Cube Entertainment Presents 3rd Quarter Results Today (Nov 9th) Are Amazing
30 seconds prior
seventeen Hoshi-thumbnail
Hoshi strongly advises Sasaeng fans to avoid calling. I’ll Sue
Just 11 minutes ago
Jennie Blackpink-thumbnail
Korea’s netizens admire Jennie’s fashion sense
Just 29 minutes ago
Kim Yeon-jung pic
Sister of Kim Yoo-jung Kim Yeon-jung Unveils Beautiful Wedding Photos for November 11th Wedding
43 minutes prior
50 thumbnails
Fifty Fifty settles first “Keena will receive tens of millions of won”
Just 47 minutes ago

You may not know.
June 30, 2023: Are “overpriced” concert tickets exploiting Kpop fans?
June 4, 2023
Slave contracts in Kpop: A sad reality (April 20, 2023)
Weverse to introduce “Weverse DM” next week.

Unrelated Posts
Kim Se-jeong Business Plan
blackpink lisa thumbnail

Blackpink Lisa Minnie (G) Lee Kwang-Soo BlackPink Lisa twice Jeonyeon, Jennie elle, Aug BTS V thumbnail Aespa
BLACKPINK BTS BTS V
Jennie (BlackPink) Jisoo
BlackPink members Jungkook, Lisa, Rose, Hye-kyo, Joong-ki, and Ye-jin.
TWICE

© 2023, All Rights Reserved.
Popular social media platforms: Facebook, X, Pinterest, YouTube, Instagram

Return to top