SM announces Q3 earnings… Net profit is 10 times higher than HYBE
SM Entertainment announced its third quarter business results. Due to the slowdown in the growth of the K-pop market, its overall performance decreased compared to the same period last year, but its net profit was more than 10 times that of HYBE (1.4 billion KRW) in the same quarter.
SM announced on the 5th that it recorded consolidated revenue of 242.2 billion won, operating profit of 13.3 billion won, and net profit of 16 billion won in the third quarter of 2024.
1. The title is so funny
2. What is HYBE doing?
3. Why is HYBE’s net profit so low~?
4. SM’s revenue is 242.2 billion KRW/net profit is 16 billion KRW. HYBE’s revenue is 527.9 billion KRW/net profit is 1.4 billion KRW
5. No, is Bang Si Hyuk really throwing all his money away somewhere..? What other business does he have?
6. Net profit is 1.4 billion? Isn’t it 14 billion? No, I’m just surprised;;;; Total revenue is over 500 billion KRW but net profit is 1.4 billion KRW?
7. Wow, I was so shocked
8. What the hell is HYBE doing?
9. HYBE is so weird
10. Where did HYBE throw their money?
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