Timeline - November 3rd ~ 10th
HYBE -10.41%
SM -14.6%
YG -26.67%
JYP -10.26%
As expectations for the lifting of the Korean Wave ban fade, entertainment companies' stock prices are falling. With poor performance weighing on the stock price, HYBE has also suffered a shocking loss of 42.2 billion won in the third quarter.
According to the Korea Exchange on the 10th, HYBE fell 10.41% from the 3rd to the 10th of this month. SM Entertainment fell 14.06%, YG Entertainment 26.67%, and JYP Entertainment 10.26%. After the market closed that day, HYBE announced that it recorded sales of 727.2 billion won and an operating loss of 42.2 billion won in the third quarter. Its net profit also recorded a deficit of 50.3 billion won.
HYBE
Sales: 727.1 billion won
Operating Income: -42.1 billion won
Net Income: -52 billion won
SM
Sales: 321.5 billion won
Operating Income: 48.2 billion won
Net Income: 44.6 billion won
YG
Sales: 173 billion won
Operating Income: 31.1 billion won
Net Income: 24.4 billion won
JYP will disclose its results on the 12th
source: https://n.news.naver.com/article/009/0005587770
original post: here
1. HYBE is the only one in the minus in terms of net profit though
2. Sales: 727.2 billion won
Operating income: -42.2 billion won
Net income: -50.3 billion won
Legendary
3. Why has YG's stocks fall so much?
4. HYBE are the only ones in deficit though
5. F*ck when are my bias leaving HYBE?
6. Do you think without all the weird tricks those entertainment companies are pulling, they'd end up like that? They've been doing this for years so this is why they ended up like that right? Only the leadership team is eating up the profit
7. Those bast*rds need to work harder pushing out idols and stop with those games...
8. I hope they all fail ㅎㅎㅎㅎ
9. So HYBE really is the only ones in deficit ㅋㅋㅋㅋㅋㅋㅋㅋ
10. If HYBE are the only ones in deficit, why are the other ones falling too...
Maybe they were all overinflated
