The corporate’s third quarter income reached KRW 727.2 billion, marking a 37.8% YoY improve. This efficiency surpassed the earlier quarterly report set in This fall 2024, bringing the cumulative income for the primary three quarters of 2025 to KRW 1.93 trillion.
This efficiency was fueled by promotions with direct involvement of artists, totalling KRW 477.4 billion, accounting for 66% of general gross sales. Live performance income pushed by distinctive world excursions and fan occasions by artists, together with Jin of BTS, SEVENTEEN, TOMORROW X TOGETHER, and ENHYPEN, surged over 3 times YoY to KRW 245 billion. Recorded music scored KRW 189.8 billion, displaying a YoY lower as a result of a comparatively lighter schedule of album releases.
Income from oblique involvement of artists—together with official merchandise (MD), mental property (IP) licensing, content material, and fan membership memberships—totaled KRW 249.8 billion, translating to a 22% YoY improve. MD and IP licensing noticed vital development, growing 70% YoY to KRW 168.3 billion, primarily pushed by tour MD, and IP-based merchandise.
HYBE’s ‘multi-home, multi-genre’ technique drove sturdy world ends in the third quarter. KATSEYE’s momentum surged as their single “Gabriela” reached No. 37 on the Billboard Scorching 100, incomes them two nominations—‘Greatest New Artist’ and ‘Greatest Pop Duo/Group Efficiency’—for the 68th Grammy Awards, and a totally sold-out first North American tour. The corporate is forming a lady group quartet beneath the identical label within the U.S., at the moment within the means of finalizing its members by means of a worldwide audition. In parallel, artists beneath HYBE AMERICA continued to exhibit vital affect. QC Music’s BigXthaPlug noticed his album I Hope You’re Pleased chart at No. 2 on each the Billboard High Rap Albums and High Nation Albums charts, whereas the one “All The Manner” hit No. 4 on Billboard Scorching 100, and No.1 on its Scorching Rap Songs chart. BMLG’s Riley Inexperienced offered out his UK and Eire tour, and scored his first solo No. 1 on the UK Nation Airplay Chart with “Change My Thoughts.”
HYBE Latin America considerably expanded its presence by launching new teams MUSZA and SANTOS BRAVOS from native audition applications. SANTOS BRAVOS, who debuted in October with their single “0%,” collected over 100 million views on socials and 100,000 Weverse subscribers. Their debut live performance in Mexico Metropolis offered out in two hours, confirming that HYBE’s methodology interprets into the native market. Moreover, strategic signings bolstered the label’s affect, together with the discharge of DY’s (previously Daddy Yankee) music video of “El Toque,” which was filmed in Korea.
International superfan platform Weverse achieved cumulative profitability by means of Q3, aided by new enterprise fashions corresponding to Digital Membership. The platform plans to additional broaden its attain by opening its personal messaging service, ‘Weverse DM,’ on China’s QQ Music on November 18. Trying forward, Weverse expects to see vital efficiency enchancment, pushed by BTS’ return as a bunch, expanded e-commerce income from the expansion of key artists, and the expansion of its personal digital providers.
HYBE reported an working lack of KRW 42.2 billion within the third quarter, which was pushed by vital strategic investments in world IP growth—together with the corporate’s early investments resulting in the profitable debut of CORTIS and two different groups from HYBE Latin America’s audition program, Pase a la Fama—and non-recurring bills associated to the restructuring of the North American enterprise.
HYBE CFO Kyung Jun Lee defined, “Whereas the debut of a number of groups has briefly absorbed short-term profitability, HYBE’s development construction will probably be strengthened within the mid-to-long time period by means of world fandom growth and income base stabilization.” He added, “the transition of our North American enterprise to a label-centric IP built-in construction is predicted to stabilize the P&L subsequent yr, aligning with the consequences of this restructuring.”
Jason Jaesang Lee, CEO of HYBE, acknowledged, “HYBE’s fundamentals stay strong, with our core Ok-pop sector projected to take care of profitability between 10% to fifteen% in 2025. We anticipate these profitability headwinds will largely clear by the fourth quarter, permitting for the full-scale enchancment of our income construction beginning in 2026.” He additionally mentioned, “This restoration will probably be anchored by BTS’ return as a bunch, the accelerated development of Ok-pop artists, additional outcomes from our ‘multi-home, multi-genre’ technique, and secure profitability from Weverse.”
About HYBE
HYBE Corp. (HYBE), rebranded from Large Hit Leisure in March 2021, is a worldwide leisure life-style platform firm dedicated to innovating the music trade by means of boundless growth. By a diversified construction that encompasses the Label, Answer and Platform companies, HYBE creates synergy throughout its core pillars to ship enhanced fan experiences and drive cultural influence worldwide. Ever since, HYBE has been increasing its multi-label system together with BIGHIT MUSIC, BELIFT LAB, SOURCE MUSIC, PLEDIS Leisure, KOZ ENTERTAINMENT, ADOR, YX LABELS, whereas HYBE AMERICA additionally manages its affiliate labels together with Large Machine Label Group and High quality Management. Along with the music enterprise, HYBE established an built-in construction with its tech-driven future development initiatives that creates live performance, video content material, recreation, authentic story and retail, in addition to a platform enterprise by means of Weverse, a worldwide superfan platform. Composed of its world workplaces primarily based in Korea, Japan, the U.S., Mexico, China, and India, the corporate works in direction of bringing progressive change all through the worldwide music trade.
