Hybe Co Ltd
KRX:352820

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Hybe Co Ltd
KRX:352820
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Price: 290 000 KRW -1.86% Market Closed
Market Cap: 12.3T KRW

Hybe Co Ltd
Investor Relations

Hybe Co Ltd began as a modest endeavor in the South Korean music industry and has since blossomed into a colossal name in entertainment, driven by an innovative blend of music production and artist management. Originally established as Big Hit Entertainment, the company achieved stratospheric success largely through the global phenomenon of BTS, capitalizing on the explosive growth of K-pop. Hybe’s business model is centered around fostering talent and producing content that resonates with a global audience, utilizing a comprehensive approach that encompasses music production, concert promotion, and artist management. This holistic control over the production and distribution pipeline allows Hybe to maximize revenue at each stage, from album sales and streaming to merchandise and live events.

Beyond just nurturing mega-stars, Hybe has systematically diversified its portfolio, underpinned by strategic acquisitions and partnerships. It has extended its reach by absorbing other entertainment entities such as Source Music and Pledis Entertainment, broadening its talent pool and market influence. Moreover, Hybe has cleverly capitalized on technology through its Weverse platform, a multifunctional social media and retail ecosystem tailored for fan engagement and commerce. Weverse integrates community interaction with digital and physical merchandise sales, creating a seamless revenue stream that sustains fan interest and spending. This multi-faceted approach positions Hybe not merely as a music company, but as an innovative entertainment powerhouse adept at riding the wave of digital transformation, fueling sustained profit growth and cultural impact.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 10, 2025
AI Summary
Q3 2025

Revenue Growth: HYBE delivered significant year-over-year revenue growth for Q3, with consolidated revenue reaching KRW 727.2 billion.

Profitability Down: The company posted a KRW 42.2 billion operating loss and a negative 5.8% operating margin, mainly due to preemptive investments in new IP and one-off costs from North American business restructuring.

Strong Concerts & IP: Concert sales more than tripled year-over-year to KRW 245 billion, and new artist launches—especially CORTIS and BOYNEXTDOOR—achieved record-breaking album sales.

Weverse Platform: Weverse MAU hit a record 11.6 million, but transaction volume and ARPPU dropped quarter-over-quarter due to fewer major artist activities.

Investment Outlook: Management expects cost efficiency to improve and major one-off expenses to resolve by year-end, with profit structure improvements anticipated from next year as BTS resumes group activities and new IPs are monetized.

No Major New Debuts: No significant new artist debuts are planned for China, India, or Latin America in 2026, which should limit new investment needs.

Key Financials
Revenue
KRW 727.2 billion
Recorded Music Sales
KRW 189.8 billion
Concert Sales
KRW 245 billion
Operating Loss
KRW 42.2 billion
Operating Margin
-5.8%
Revenue with Direct Artist Involvement
KRW 477.4 billion
Revenue with Indirect Artist Involvement
KRW 249.8 billion
Merchandise and Licensing Revenue
KRW 168.3 billion
Content Sales
KRW 46.8 billion
Weverse MAU
11.6 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Park Jiwon
CEO & Director
No Bio Available
Tae-Ho Kim
Chief Operating Officer
No Bio Available
Mr. Samuel Braun Scott
CEO of Hybe America & Director
No Bio Available
Hyunrock Han
Chief Executive Officer of Hybe Japan
No Bio Available
Youngmin Kim
Chairman of Hybe Japan
No Bio Available

Contacts

Address
SEOUL
Seoul
Yongsan Trade Center, 42, Hangang-daero, Yongsan-gu
Contacts
+82233340105
hybecorp.com