HYBE reports best-performing quarter yet
The South Korea-based entertainment giant recorded revenue of KRW 512 billion in the second quarter of 2022
News By IQ | 4 August 2022
HYBE (formerly Big Hit Entertainment) has published its financial results for Q2 of 2022, heralding its best-performing quarter yet. The South Korea-based entertainment giant reported revenue of KRW 512 billion (USD 391 million) in the second quarter of 2022, up 79.7% from the first quarter of this year.
While operating income hit KRW 88bn for the three months prior to 30 June.
The record-breaking revenue came from Hybe artists’ album sales, promotion, and concerts, as well as merchandise and IP licensing.
HYBE’s roster of artists includes…
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