HYPE Entertainment label Create a new chapter in history Revenue reached a record 2 trillion won, boosted by 43.6 million album sales from SEVENTEEN, BTS, and NewJeans.

HYBE Entertainment, the owner of the nickname "Building for Rent," is a major success as South Korea's first entertainment company with annual revenues of 2 trillion won (approximately 1.54 billion US dollars) with an unstoppable hit. Supported by a strong record label ecosystem and rapid growth in album and concert sales.

On February 26, HYBE announced total revenue in 2023 of 2.1781 trillion won and operating profit of 295.8 billion won, representing a 22.6% increase in sales and a 24.9% increase in operating profit. Compared to last year, both numbers hit record highs. It has a 3-year compound annual growth rate (CAGR) of 31.7% in sales and 24.7% in operating profits.

Success led by activities of Members of BTS currently serving in the military and SEVENTEEN who set a new album sales record. K-pop NewJeans' standout performance, year 2 and LE's world tour SSERAFIM also plays an important role in growth.

HYBE artists sold 43.6 million albums (according to Circle Chart) in 2023, doubling last year's figure. with a market share of 38% on Circle Chart for incoming album SEVENTEEN. Updating their own K-pop album sales record with cumulative sales of 16 million albums, BTS members' solo albums have also proven their global influence with 8.7 million units sold worldwide. TOMORROW X TOGETHER's albums (6.5 million), NewJeans (4.26 million) and ENHYPEN (3.88 million) were also well received.

Its streaming success is equally impressive. With an outstanding performance of SEVENTEEN, Jungkook decorates the Billboard Hot 100 chart with " 3D " and " Standing Next to You ", NewJeans enters the Hot 100 with five songs, and LE SSERAFIM's " Perfect Night " sets a one-year record. End of Billboard Chart Reversal

in North America Artists from HYBE America's country music label Big Machine Label Group (BMLG) and hip-hop label QC Music continued their strong streaming performance. As a result, HYBE's digital music sales increased approximately 80% year-on-year. The total is approximately 300 billion won (approximately 230 million US dollars).

HYBE plans to release many artists this year. to expand the line-up with releases from PLEDIS Entertainment's TWS, I'LL-IT and KATSEYE alongside album promotions from existing HYBE artists starting in the second quarter.

Additionally, HYBE America's management team, Scooter Braun Projects, signed a new contract last year. And revenue is expected to grow significantly with the release of Ariana Grande's album due this year.

In addition to the financial report, HYBE also announced plans to increase shareholder value by paying dividends of 700 won per share, totaling 29.2 billion won, reflecting the company's commitment to prioritizing value. of shareholders Even though it is in the growth stage