HYBE announced on the 5th that its operating profit for the third quarter of this year based on consolidation was provisionally calculated to be 54.2 billion won, a 25.4% decrease from the same period last year. Sales decreased 1.9% year-on-year to KRW 527.8 billion. Net profit decreased 98.6% to KRW 1.4 billion. Of the 527.8 billion won in sales in the third quarter, direct participation sales such as album sales, performances, and advertising amounted to 323 billion won, while indirect participation sales such as MD, licensing, content, and fan club sales amounted to 204.9 billion won.

Regarding its third quarter sales, HYBE stated, “Although the release of albums by HYBE Music Group artists was somewhat delayed due to the impact of the Olympics, indirect participation sales that reflect the performance of artist intellectual property (IP)-related businesses showed a significant increase, leading the performance.” He also said, “Thanks to the consistent performance of HYBE Music Group artists, the accumulated sales for the third quarter of this year exceeded 1.5 trillion won. Following last year, the green light has been turned on for achieving the 2 trillion won mark in annual sales for the second consecutive year.”

Regarding operating profit, HYBE said, “The operating profit in the third quarter was 54.2 billion won, and the operating profit rate was in the 10% range. This year, HYBE’s operating profit rate is rapidly increasing from 4% in the first quarter, 7.9% in the second quarter, and 10.3% in the third quarter,” adding, “In the fourth quarter, various HYBE Music Group artists, including BTS Jin, will begin activities.”

하이브 3분기 영업이익 542억...전년 동기 대비 25.4%↓

하이브[352820]가 연결 기준 올해 3분기 영업이익이 542억원으로 지난해 동기보다 25.4% 감소한 것으로 잠정 집계됐다고 5일 공시했다. 매출은 5278억원으로 전년 동기 대비 1.9% 감소했다. 순이익은 14억원으로 98.6% 줄었다. 3분기 매출액 5278억원 중 음반원,…

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HYBE’s net profit in the third quarter dropped a whopping >>>>98.6%<<<< to 1.4 billion KRW

HYBE’s net profit in the third quarter dropped a whopping >>>>98.6%<<<< to 1.4 billion KRW

Revenue reached 527.8 billion won, down 1.9% from the same period last year.. Net profit dropped 98.6% to 1.4 billion won

1. We need to do a tax audit on HYBE. Where did that money go?

2. No, how can net profit be 1.4 billion won? Market capitalization is 7 trillion wonㅋㅋㅋㅋㅋㅋㅋㅋ

3. How can a big company only make net profit of 1.4 billion won?

4. They say the boycott has no effect but somehow net profit has dropped sharply

5. Where did they spend all that money?

6. Net profit is 1.4 billion won? Where did the money go? Get a tax audit

7. Revenue is 529.8 billion KRW but net profit is 1.4 billion KRW?

8. Not 140 billion but 1.4 billion??

9. No, sales are so good, so why is the net profit so low? I’m really curious

10. Where did all the money go? What should shareholders do?

Original Post (1)

Quote from Panpriyah-lice

??

their operating profit was 54.2B won, but net profit only 1.4B won. Hard to imagine HYBE paid ~53B won in taxes and interest.

Quote from DaisyTheGenuine

Golf, hookers and failing gaming companies add up

true...tenpros ain't cheap

[theqoo] HYBE'S Q3 PROFIT OF 1.4 BILLION < THE MONTHLY RENT FOR HYBE'S BUILDING IS 1.7 BILLION

(T/n: 1.7 billion won = ~1.2M USD)

"Revenue was 527.8 billion won, down 1.9% compared to the same period last year. Net profit was 1.4 billion won, a decrease of 98.6%."

"YG, 2 billion won for Hapjeong office building… HYBE, 1.7 billion won in monthly rent 'huge gap'"

HYBE, let's only walk the failed pathㅠㅠㅠㅠㅠㅠㅠㅠㅠㅠㅠㅠㅠ

original post: here

1. I guess that's the money left after paying the rent

2. But that's the money left after they paid all their expenses

3. Where are they spending all that money earned? No but it just looks dirty....

4. I get that they used up all their money and that's the money left but this is way too weirdㅋㅋㅋㅋㅋㅋ

5. Are you dumb? That's the money left after they paid the rent

6. No but I just don't understand how they had over 500 billion in revenue but only 1.4 billion net profit

7. Even if that's the net profit after paying the rent, 1.4 billion is too severe...ㅋㅋㅋㅋ

8. Isn't it f*cking severe if they went down from 500 billion to 1.4 billion? Just think about the scale

9. I know what net profit is but the fact that their quarterly profit is lower than their monthly rent is freaking funnyㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ

10. The net profit is after paying the rent