On November 5, HYBE conducted its third quarter performance conference call, providing insights into the company’s financial health and future plans for BTS. The report revealed substantial sales figures of ₩528 billion KRW (approximately $384 million USD) and an operating profit of ₩54.2 billion KRW (around $39.4 million USD) for Q3 2024. However, these numbers indicate a decline of 1.9% in sales and 25.4% in operating profit compared to the same period last year.
During the call, HYBE’s Chief Financial Officer, Lee Kyung Joon, discussed BTS’s upcoming activities, stating, “We are currently in discussions with the members about group activities in 2026.” He emphasized that while BTS is expected to continue generating significant sales, the company’s dependence on BTS’s revenue will lessen as it diversifies its business ventures and fosters the growth of other artists.
CEO Lee Jae Sang also expressed gratitude to shareholders, acknowledging the efforts of artists and employees, stating, “Even through challenging circumstances, our teams achieved commendable results.” This highlights HYBE’s commitment to a sustainable growth model through the expansion of its artist roster and revenue streams.
As fans and industry experts await further announcements, all eyes are on HYBE’s strategic plans for 2025 and how they will shape the future of BTS and the company’s broader artist portfolio.
