HYBE Speaks Up On BTS’s Future Group Activities
On November 5, during the third quarter performance conference call, HYBE shared its position regarding BTS’s future activities and sales contribution.
In the conference, they revealed ₩528 billion KRW (about $384 million USD) in sales and ₩54.2 billion KRW (about $39.4 million USD) in operating profit for the third quarter of 2024. It decreased by 1.9% and 25.4% compared to last year.
HYBE’s CFO, Lee Kyung Joon, also gave his position regarding BTS’s activities.
“We are currently discussing with the members about group activities in 2026.
Although BTS is expected to bring in significant sales, the dependency on BTS’s sales will not be as high as before as that of new business, and the growth of other artists will also occur.”
— Lee Kyung Joon
HYBE plans to continue to develop a diverse revenue model through the growth of other artists and business.
On the other hand, CEO Lee Jae Sang expressed gratitude to the shareholders.
Even through hard circumstances, the artists and employees achieved good results.
— Lee Jae Sang
With this, fans and the industry are anticipating what activities HYBE will have in store for 2025.
