[enter-talk] did YG fail? Just 220k USD operating profit in Q2 2024

Quote from bartkun

Q2 operating profit only 300 million won

Quote from bartkun

quarterly operating profit is only 3 billion won

I'm seeing two different quarterly operating profit numbers here. Which is it?

I'm surprised they made that much money in Q2...figured they'd still be in the red.

50% drop of the market cap in 1 year. Shareholder are probably very angry

just took a look...i guess the article is just the analyst's estimate because YG hasn't released Q2 numbers yet and won't be released until mid august (August 12th scheduled earnings call).

Quote from bartkun

dunno

copied translation

maybe you can find original article with your main akp quality researcher title

Ok, so the statement in question is: '블핑 공백' YG엔터, 2분기 영업이익 고작 3억 번다고?

This means: ‘Blackpink hiatus’ YG Entertainment only earns 300 million won in operating profit in the second quarter?

The key is 3억, with 억 (eok) translating to hundred million. Thus, ₩300,000,000 is correct, and that figure converts to USD $216,932.40.

Well they should have bought more Spotify play listing and autoplay than gazillion ads on YouTube for babymomster

Quote from 0ppar

I'm surprised they made that much money in Q2...figured they'd still be in the red.

Its Hybe money. Don't forget YG is the distributor for all Hybe groups

well they are spending a lot on BM so no real surprise.

Earning very little, and spending 50 million dollars on ads, that is not business.

To be expected, Blackpink have been the main YG group carrying the company for a while now - which makes it even more surprising how little YG actually used Blackpink the past years.

Although not sure if operating profit alone is the best way to measure a company's health, after all a company's investments in that quarter may also have been higher than other quarters.

interesting