"Hybe reported its highest-ever first-quarter revenue of 698.3 billion Korean won, or around $473 million, attributed to BTS's long-awaited comeback and continued growth across its artist portfolio."
"Revenue from recorded music doubled to 271.5 billion Korean won, driven by BTS's long-awaited comeback album, 'Arirang,' which debuted and stayed at the first place on the Billboard 200 for three consecutive weeks."
"Looking ahead, HYBE expects continued growth momentum in the second quarter, supported by BTS' global tour and major artist comebacks from TOMORROW X TOGETHER, LE SSERAFIM, TWS, ILLIT, and CORTIS."
"BTS embarked on its world tour in April, the first since an extended hiatus in 2022 due to mandatory military service, with 85 stadium shows scheduled across 34 countries."
Hybe achieved its highest first-quarter revenue of 698.3 billion Korean won, approximately $473 million, attributed to BTS's comeback and growth in its artist portfolio. Revenue from artist-driven activities increased by 25% year-on-year, reaching 403.7 billion won. Recorded music revenue doubled to 271.5 billion won, largely due to BTS's album 'Arirang,' which topped the Billboard 200 for three weeks. Looking forward, Hybe anticipates continued growth supported by BTS's global tour and upcoming comebacks from other artists under its label.
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