The same CEO of Hybe recognized the challenges.
Koreaboo
Hybe has undergone a significant financial impact due to BTSThe current military service, with the absence of the group that affects the operating profit of the company. At the annual meeting of the general shareholders of 31 March, the same CEO of Hybe admitted the financial situation of the company and spoke of the long -awaited performance of the group
Lee Jae sang Recognized the challenges faced by Hybe in the absence of BTS.
Last year, Hybe’s artists held a total of 172 concerts and concert revenues recorded a significant increase compared to the previous year. The absence of BTS, the changes in the distribution of revenue between artists due to the debut of new groups and investments in new businesses have contributed to a drop in operational profits.
– CEO of Hybe Lee Jae sang
Despite these challenges, Hybe expects financial improvements in other areas, including its global fan platform, Weverse and the games sector.
In 2025, we will focus both on external growth and the strengthening of our profitability. We will improve regional diversification, fully implementing our multi-home and multi-genener strategy. We also include significant results from the new services that we have prepared for Weverse and our new game sector.
– CEO of Hybe Lee Jae sang
In addition to BTS, Hybe is continuing its multi-ethics expansion strategy in the main global markets. Lee has revealed that the company is developing a multi-label system in Japan, where its solution activity generated between 600 and 700 billion KRW revenue last year, making it the third largest company on the market. He also announced the plans for a new hearing program in Japan, which will lead to the debut of a second group in the country.
By concluding his observations, Lee reiterated Hybe’s long -term vision, affirming: “Our most label system, which we have carefully designed, is gradually becoming more solidified. Now we will focus on the expansion of this system all over the world and on the creation firmly of our multi-Casa and Multi-Gener strategy.“
While the absence of BTS has created financial difficulties for short -term Hybe, the company remains concentrated on strategic growth, with their performance that provides that it brings a substantial thrust into the near future. In the meantime, the company’s CEO has also commented on the long -awaited return of BTS.
Hybe’s CEO is aimed at the expected return of BTS
