[Translation] HYBE Posts Record-Breaking Performance on the Back of BTS Success... "Preparing Group and Solo Activities Following 'Arirang'" (Comprehensive Report 2)
Third-quarter revenue reaches KRW 1.5257 trillion and operating profit KRW 118.5 billion... Cumulative revenue hits KRW 3.6 trillion "BTS will continue touring through the first half of next year... while pursuing various projects" HYBE, a company listed on the KOSPI, announced on November 3 that its consolidated operating profit for the third quarter of this year was provisionally estimated at KRW 188.5 billion (approximately US$140,468,277), marking a return to profitability compared with an operating loss of KRW 42.2 billion (approximately US$31,447,246) during the same period last year. The operating profit exceeded market expectations of KRW 166 billion (approximately US$123,684,923), compiled by Yonhap Infomax, by 13.6%. Revenue reached KRW 1.5257 trillion (approximately US$1,136,936,078), up 109.8% from the same period last year. Net profit also returned to positive territory, reaching KRW 11.3 billion (approximately US$8,421,901). HYBE's cumulative revenue throu...