Record concert revenue drives HYBE to best-ever quarterly results

Concert revenue for the South Korean giant rose 196% year-on-year, powered by BTS' Arirang Tour

BTS' Arirang Tour in London © HYBE / BIGHIT Music

South Korean entertainment giant HYBE has reported record quarterly revenue and operating profit, driven by its concert revenue almost tripling year-on-year in Q3.

The full-service company that blends management, promotion, label services, and marketing for acts including BTS and KATSEYE, reported KRW 188.5 billion (€125.7 million) in earnings for the period, based on KRW 1.5257 trillion (€1.017 billion) in turnover in Q3. It attributed much of this success to US and European legs of BTS’ ongoing Arirang World Tour.

Across all of its acts,…

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