On November 5, HYBE conducted its third-quarter performance conference call, providing insights into the company’s financial health and future plans for BTS. The report revealed substantial sales figures of ₩528 billion KRW (approximately $384 million USD) and operating profit of ₩54.2 billion KRW (approximately $39.4 million) for the third quarter of 2024. However, these numbers indicate a 1.9 percent decline in sales and 25.4 percent decline in operating profit compared to the same period last year.
During the call, HYBE CFO Lee Kyung Joon discussed BTS’s upcoming activities, saying, “We are currently discussing with the members about the group’s activities in 2026.” He stressed that while BTS is expected to continue to generate significant sales, the company’s reliance on BTS’ revenue will decrease as they diversify their business ventures and foster the growth of other artists.
CEO Lee Jae Sang also expressed gratitude to shareholders, recognizing the efforts of artists and employees, saying, “Even under difficult circumstances, our teams have achieved commendable results.” This highlights HYBE’s commitment to a sustainable growth model through the expansion of its artist roster and revenue streams.
As fans and industry experts await further announcements, all eyes are on HYBE’s strategic plans for 2025 and how they will shape the future of BTS and the company’s broader artist portfolio.
