HYBE just released their yearly report for 2022.
On 22 February, the Korean entertainment company shared their annual report, recording a revenue of KRW 1.7 trillion. This comes as a 42% increase compared to 2021 and as a result of the continued growth and activities of HYBE’s roster of artists on a global scale.
In 2022, HYBE recorded tremendous success for their artists, with an operating profit of KRW 237.7 billion, with continuous album sales, concerts and tours, and merchandise.
Album sales were particularly significant in Japan, with HYBE artists, namely BTS, SEVENTEEN, and ENHYPEN, dominating 33% of the Top 15 album sales on Japan’s Oricon Chart. LE SSERAFIM also set a new record for their debut Japanese single, selling 220,000 copies. While in the US, BTS and TXT made it into Luminate‘s top 10 annual album sales, making them the only K-pop acts to do so.
In terms of concerts, HYBE recorded a revenue of KRW 64.7 billion in the last quarter of 2022 with the successful runs of SEVENTEEN, TXT, and ENHYPEN’s world tours.
As they continue on with 2023, HYBE plans to continue to push out their artists, as well as debut new acts. In their press release, the company confirmed that their sub-labels KOZ Entertainment and PLEDIS Entertainment will be debuting new boy groups later this year.
HYBE also shared their plans for BTS, whose members are currently in the midst of pursuing their solo endeavours while also fulfilling their military enlistment. The group will reunite in 2025. “Detailed plans were made and being implemented for BTS returning as a group after the members fulfil their mandatory military service. HYBE will provide utmost support to the band to continue to make historic achievements on the global stage,” said HYBE CEO Park Jiwon.
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Read original article here: www.bandwagon.asia
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