HYBE, SM, JYP, and YG Announce Second-Quarter Profits for 2021

Their profits for the second quarter of the current were released.

HYBE, home of BTS, TXT, NU'EST, Seventeen, and fromis_9, and the Big 3 of K-Pop, SM Entertainment, JYP Entertainment, and YG Entertainment, have officially released their second-quarter income and profits for 2021. The businesses have supplied sufficient details about how they made their earnings.

YG Entertainment is in fourth place. It is the only Big 4 firm to lose money in the second quarter of 2021, with a deficit of 1.50 billion KRW (about $1.29 million USD) in June. After earning 83.6 billion KRW (about $71.7 million USD) in revenue, the company's operating profit was 10.4 billion KRW (around $8.92 million USD). No YG Entertainment artists released new music in the second quarter of 2021, which explains the low revenue. When BLACKPINK's Lisa makes her anticipated solo debut in the third quarter, sales are likely to skyrocket.

YG Entertainment's finances have deteriorated since the first quarter of 2021, when the business earned $8.65 billion KRW (about $7.42 million USD) because to comebacks from TREASURE, iKON's Bobby, and WINNER's Seungyoon, as well as the solo debut of BLACKPINK Rosé.

JYP Entertainment came in third with a net income of 4.80 billion KRW (about $4.12 million USD) in the second quarter of 2021. After earning 40.6 billion KRW (about $34.8 million USD) in sales, the company made an operating profit of 9.60 billion KRW (about $8.24 million USD).

While none of the acts returned earlier in the year, their new releases in Q2 of 2021 saw acts like DAY6, ITZY, and TWICE drastically increase sales. JYP Entertainment, on the other hand, has been losing money since the first quarter of 2021. Despite not releasing any new songs between January and March, the corporation made a net profit of 12.0 billion KRW (about $10.3 million USD).

JYP Entertainment was recently chastised for failing to act on charges of school bullying leveled against Stray Kids' Hyunjin, causing its Korean following to erupt in rage. Twice and Itzy's fans have also complained about the absence of promotions after their promotions have concluded.

SM Entertainment took second place out of the four companies. In the second quarter of 2021, it had a net profit of 16.3 billion KRW (about $14.0 million USD). After earning 186 billion KRW (approximately $160 million USD) in sales, the company made a 27.5 billion KRW (about $23.6 million USD) operational profit.

SHINee and Taemin, Super Junior's Yesung, EXO, and NCT Dream all released new music in the second quarter of 2021. Wendy and Joy of Red Velvet had their solo debuts throughout the quarter, boosting sales even more. After SHINee, Super Junior, and EXO's Baekhyun made comebacks in the first quarter of 2021, SM Entertainment's net income nearly doubled to $8.67 billion KRW (about $7.44 million USD).

Because Red Velvet has returned with a new release after two years, it is believed that SM Entertainment would earn more in the third quarter. D.O, a member of EXO, has also published a solo album, which contributes to the company's Q3 earnings. It was also claimed that SHINee's Key is planning a solo comeback, and fans are on the edge of their seats waiting for Girls Generation's long-awaited return for their 14th anniversary.

HYBE was the company with the highest net income in the second quarter of 2021, securing the top rank. The corporation had a profit of 20.2 billion KRW ($17.7 million USD). After earning 279 billion KRW (about $239 million USD) in sales, the company's operating profit was 28.0 billion KRW (approximately $24.0 million USD).

Following a quiet first quarter, the second quarter of 2021 saw a slew of HYBE artists return: BTS, TXT, SEVENTEEN, NU'EST, and ENHYPEN, all of whom racked up sales and streams. Since the first quarter of 2021, when the company achieved a net income of 15.8 billion KRW (about $13.6 million USD) with no comebacks, HYBE's earnings have increased.

Fans, on the other side, have questioned the way Source Music, a division of HYBE, handled GFriend's contract renewals, which led to the band's unexpected disbandment a few months ago. Fans have also objected to HYBE acquiring the bulk of SM Entertainment's stock after Lee Sooman announced his resignation months earlier. They suggested that HYBE concentrate on its artists rather than purchasing other agencies.


Krees DG

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