Here’s The Profits And Revenue For The Big 4 Companies In The First Half Of 2023
Every quarter or half of the year, most publicly listed companies are required to submit their sales, revenue, and profit. Entertainment companies are no exception. Netizens conveniently compiled the sales, operational profits, and net profit for each of the Big 4 companies. Here are the numbers!
1. HYBE
HYBE saw the most sales. This comes as no surprise, given the number of artists and labels under them. The numbers include all their sub-labels as well. Their total sales for the second quarter are ₩621 billion KRW (about $472 million USD) with operational profit being ₩81.3 billion KRW (about $61.7 million USD). On the other hand, their net profit stands high at ₩117 billion KRW (about $89.1 million USD).
Combined with the first quarter, their total sales for the first half of 2023 is ₩1.03 trillion KRW (about $783 million USD), their operational profit ₩140 billion KRW (about $106 million USD), and their net profit ₩140 billion KRW (about $107 million USD).
2. SM Entertainment
SM Entertainment comes in second. Their total sales for the second quarter are ₩240 billion KRW (about $182 million USD) with operational profit being ₩35.7 billion KRW (about $27.1 million USD). On the other hand, their net profit stands high at ₩28.3 billion KRW (about $21.5 million USD).
Combined with the first quarter, their total sales for the first half of 2023 is ₩444 billion KRW (about $337 million USD), their operational profit ₩53.9 billion KRW (about $40.9 million USD), and their net profit ₩51.3 billion KRW (about $39.0 million USD).
3. YG Entertainment
YG Entertainment’s numbers are impressive, given that they only have a few active groups under them right now. Their total sales for the second quarter are ₩158 billion KRW (about $120 million USD) with operational profit being ₩28.9 billion KRW (about $21.9 million USD). On the other hand, their net profit stands high at ₩27.2 billion KRW (about $20.7 million USD).
Combined with the first quarter, their total sales for the first half of 2023 is ₩316 billion KRW (about $240 million USD), their operational profit ₩65.3 billion KRW (about $49.6 million USD), and their net profit ₩58.5 billion KRW (about $44.4 million USD).
4. JYP Entertainment
JYP Entertainment saw great results as well. They actually saw more profit in the first half of 2023 than SM Entertainment and YG Entertainment.
Their total sales for the second quarter are ₩152 billion KRW (about $115 million USD) with operational profit being ₩45.7 billion KRW (about $34.7 million USD). On the other hand, their net profit stands high at ₩25.4 billion KRW (about $19.3 million USD).
Combined with the first quarter, their total sales for the first half of 2023 is ₩270 billion KRW (about $205 million USD), their operational profit ₩87.7 billion KRW (about $66.6 million USD), and their net profit ₩68.1 billion KRW (about $51.7 million USD).
Looks like K-Pop is booming in 2023!
