First quarter business results of 4 big agencies in 2024
First quarter business results of 4 big agencies in 2024
SM
Revenue 224.5 billion won (up 10.1% compared to the first quarter of last year)
Operating profit 25.3 billion won (up 38.7% compared to the first quarter of last year)
Details of main activities
NCT 127 13 shows, SHINee 4 shows, etc. Asia tour attendance: 650,000 (estimated)
Total album sales: 3.3 million copies
JYP
Revenue 138.8 billion won (up 17.6% compared to the first quarter of last year)
Operating profit was 45.6 billion won (up 8.5% compared to the first quarter of last year)
Details of main activities
Concert attendance: 270,000 (estimated)
Performance (29 shows)
Total album sales: 3 million copies
HYBE
Revenue 375.9 billion won (down 8.4% compared to the first quarter of last year)
Operating profit 23.4 billion won (down 55.4% compared to the first quarter of last year)
Details of main activities
Album sales: 3.7 million copies
Total number of people attending the concert: 330,000 (estimated)
Debuted 2 new groups (TWS, ILIT)
YG
Revenue 111.1 billion won (down 29.5% compared to the first quarter of last year)
Operating profit 8.3 billion won (down 77.2% compared to the first quarter of last year)
Details of main activities
Treasure Japan Tour 16 shows (estimated over 280,000 people)
1. How does JYP have such good operating profits?
2. HYBE is so overwhelming
3. HYBE will continue to debut rookies, Bangtan will come back and the rookies will now earn money, and now they will earn even more
4. JYP has low revenue but high operating profit… I guess they don’t spend a lot of money
5. What did YG do to make so much money?
6. Doesn’t YG have better revenue compared to the number of artists…? I’m not a fan of YG
7. Is it because HYBE debuted many rookie idols?
8. It seems like SM and YG don’t invest much, so why are their operating profits so bad? Where is it leaking?
9. HYBE is losing money in the US because of some business activities???
10. JYP seems like a really bad company for an artist, please spend money on the artists
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