HYBE concert revenue surged 40% in 2023
The K-pop giant's business was boosted by tours by acts such as Suga, Seventeen, Tomorrow X Together and Enhyphen
News By James Hanley | 27 February 2024
Seoul-based K-pop giant HYBE surpassed annual revenue of KRW 2 trillion (€1.5 billion) in 2023, powered by growth in its concert and album businesses.
Concert revenue soared around 40% year-on-year from KRW 258.2 billion (€178 million) in 2022 to KRW 359.1 billion (€253m) in 2023, with the total number of performances increasing from 78 to 125 during the period.
World tours by Suga of BTS and Seventeen, as well as the first North American stadium and Japanese dome tours by Tomorrow X Together and Enhyphen, contributed to the company’s revenue growth.…
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