HYBE, the agency of group BTS(防彈少年團), did not give in to the Corona 19 crisis, and recorded annual sales of 1 trillion won for the first time among domestic entertainment agencies. HYBE announced on the 22nd that it recorded 1.25 trillion won in sales and 190.3 billion won in operating profit as of last year, the highest since its establishment. Compared to last year, sales increased 58%, operating profit increased 30.8%, and net income was about 141 billion won, up 62% from 87 billion won in 2020.
* HYBE's sales
HYBE's sales are particularly affected by BTS's effect. It topped the Billboard Hot 100 for 10 weeks in a row and for 12 weeks. In addition, if BTS, an artist belonging to HYBE, and Justin Bieber and Ariana Grande of Itica Holdings, which was acquired last year, combine, 22 weeks out of 52 weeks on Billboard's HOT100 will be number one.
In addition, artists such as Seventeen, TXT(Tomorrow X Together), and ENHYPEN performed very well. Both entered the Billboard 200 and achieved great results in the United States and Japan respectively.
Album sales increased by about 2.1 times compared to 2020.
These HYBE's constitute various business solutions such as games, NFTs, OSBs, and characters along with albums, concerts, management, and advertisements.
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