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BTS, Justin Bieber Concerts Boost HYBE’s Quarterly Earnings

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Korean music company HYBE, home to K-pop superstars BTS, posted revenue of 285 billion KRW ($226 million) in the first quarter of 2022.

and, most importantly, BTS . Several unspecified Q2 album releases from HYBE America were also mentioned during Tuesday’s earnings call.Operating profit: 37 billion KRW , up 62.7% y/yRecorded music sales: 64.

6 billion KRW , up 18.5% y/yMerchandise and licensing: 68.3 billion KRW , up 5.4% y/y
 

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