Lol I remember last year lesserafim’s and nj’s antis and/or hybe antis were very loud with their mocking that their companies were operating at a loss in profit, exposing their cluelessness about how business works and specifically how music artists make money. Only for both groups to completely overhaul their net profit this year and start raking in dough in only half a year 🤣
Lol I remember last year lesserafim’s and nj’s antis and/or hybe antis were very loud with their mocking that their companies were operating at a loss in profit, exposing their cluelessness about how business works and specifically how music artists make money. Only for both groups to completely overhaul their net profit this year and start raking in dough in only half a year 🤣
Agree. Le Sserafim is actually the 3rd best group in Hybe groups with the most profit this year
looks like you’re the one confused here lol that graph on the left shows net profit, not revenue. Source music earned 36.2b in sales this year, and took home 5.9b in profit. That 5.9b is not all they earned lol
Agree. Le Sserafim is actually the 3rd best group in Hybe groups with the most profit this year
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um i’m not sure where that tweet collected data from bc isn’t ador already making more money than source music judging from their half year report?:
Agree. Le Sserafim is actually the 3rd best group in Hybe groups with the most profit this year
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oh ok I figured it out. The order of groups listed in that tweet doesn’t correspond to a ranking of revenue or profit, it just follows the order of each group mentioned in the original report i linked above lol there’s no pattern. So actually source music (lesserafim’s company) ranks 5th in hybe (behind bighit, pledis, ador, belift lab), not 3rd 
looks like you’re the one confused here lol that graph on the left shows net profit, not revenue. Source music earned 36.2b in sales this year, and took home 5.9b in profit. That 5.9b is not all they earned lol
Big Hit (Bangtan, TXT)
Sales: 280.1 billion won
Net profit or loss: 75.7 billion won
Pledis (Seventeen, Fromis_9)
Sales: 162.5 billion
Net profit or loss: KRW 26.8 billion
Source Music (Le Sserafim)
Sales: 36.2 billion
Net profit or loss: 5.9 Billion
Ador (NewJeans)
Sales: 44.3 billion
Net profit or loss: 11.5 Billion
KOZ (Zico, BOYNEXTDOOR)
Sales: 6.5 billion
Net profit or loss: -4.3 billion
BELIFT Lab (ENHYPEN)
Sales: 38.8 billion won
Net profit or loss: 9.5 billion
Hybe Label Japan (&TEAM)
Sales: 5.7 billion
…
i’m not sure what you’re asking me. You do know that reporting revenue AND profits is the basics of what financial reports do right? The tweet in this thread’s op specifically only compared net profit, not revenue. They compared the same thing, not 2 different things. So again, it’s on you for not reading, not on the tweet for comparing profits like one’d normally do to gauge whether a business is succeeding lol..
i’m not sure what you’re asking me. You do know that reporting revenue AND profits is the basics of what financial reports do right?
If the net profits are in the negative, then contrasting them would not even out their basis. I know that companies don't solely rely on Profit to address debt, specially not publicly traded ones.
But when you post a tweet showing off a net profit that doesn't even offset the Red of last year, I gotta question what math you're doing cause it clearly wasn't in what you provided.
But when you post a tweet showing off a net profit that doesn't even offset the Red of last year, I gotta question what math you're doing cause it clearly wasn't in what you provided.
I’m not sure I understand what you mean. If i was operating at -5 dollars yesterday, why would i need to earn more than 10 dollars today just to break even, like you’re implying? Logically speaking i only need to make more than 5 dollars today to offset my debt right? Anything more than that is just gravy. And in source music’s case, the report shows they’ve already covered all their loss from last year, and the 5.9b was what they took home AFTER settling all their debt, to put it in simple terms. That 5.9b is not for paying off their previous loss. It’s the net profit, and it’s positive. So again i just don’t get where you’re coming from.
I’m not sure I understand what you mean. If i was operating at -5 dollars yesterday, why would i need to earn more than 10 dollars today just to break even, like you’re implying? Logically speaking i only need to make more than 5 dollars today to offset my debt right? Anything more than that is just gravy. And in source music’s case, the report shows they’ve already covered all their loss from last year, and the 5.9b was what they took home AFTER settling all their debt, to put it in simple terms. That 5.9b is not for paying off their previous loss. It’s the net profit, and it’s positive. So again i just don’t get where you’re coming from.
Which goes back to my "Why post two different things comparing them." You didn't in your initial post add any info from Source Reports saying they cleared their previous debts, you posted a tweet showing their net profits for the year. WHich is what I pointed out that going off the numbers listed, that'd not clear their debt for the year previous years.
So saying they had a bunch of revenue this year doesn't really say anything cause without more info, I don't know where that revenue went. It could have been used to pay off the debts of the previous years or completely used to offset the costs for this fiscal period. I don't know, you aint exactly offered a lot of encompassing information.
Which goes back to my "Why post two different things comparing them." You didn't in your initial post add any info from Source Reports saying they cleared their previous debts, you posted a tweet showing their net profits for the year. WHich is what I pointed out that going off the numbers listed, that'd not clear their debt for the year previous years.
So saying they had a bunch of revenue this year doesn't really say anything cause without more info, I don't know where that revenue went. It could have been used to pay off the debts of the previous years or completely used to offset the costs for this fiscal period. I don't know, you aint exactly offered a lot of encompassing information.
i feel like we’re going around in circles lol sure we don’t know exactly where souce music spent all their revenue, but that doesn’t negate the fact that at the end of the day, they earned 5.9b in profits this year. i think it’s already implied that profits = what you took home after deducting debt and costs from your revenue right? it’s with this premise in mind that i provided you the figures i did. it seems you don’t agree that that’s what net profits means bc you’re questioning about costs / debts, when my assumption was they were already covered, bc that’s the definition of profits i learnt lol. so i guess we are at a crossroad bc we don’t agree what net profit means 
i feel like we’re going around in circles lol sure we don’t know exactly where souce music spent all their revenue, but that doesn’t negate the fact that at the end of the day, they earned 5.9b in profits this year. i think it’s already implied that profits = what you took home after deducting debt and costs from your revenue right? it’s with this premise in mind that i provided you the figures i did. it seems you don’t agree that that’s what net profits means bc you’re questioning about costs / debts, when my assumption was they were already covered, bc that’s the definition of profits i learnt lol. so i guess we are at a crossroad bc we don’t agree what net profit means
Okay, I feel silly cause I mistook your for the thread creator, which put me off on the wrong foot in totality cause it's not really you who I should be questioning the lack of offered details.
Interesting
Who really knows if Source Music is still in debt or not.
Regardless, LSF will be a massive cash cow for Source Music in the next 6 years, despite Source Music managing them.
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