HYBE has published its earnings for the third quarter of 2021 (July to September).

On November 4, HYBE reported 341 billion won (about $288.1 million) in sales and 65.6 billion won (approximately $55.4 million) in operating profit for the third quarter of the year (subject to change following external audit). When compared to the previous year's third quarter performance, sales increased by 80% and operating profit increased by 63%.

Revenue from records, merchandising, and licensing drove the majority of the rise. Revenue from albums increased by 21% over the previous quarter to 129.7 billion won (about $109.6 million). Revenue from goods and licensing jumped by 53% to 76.7 billion won (about $64.8 million), while revenue from advertising appearance fees and management increased by 56% to 33.8 billion won (approximately $28.6 million).

Weverse, a global fan community platform, also saw growth in the form of 6.4 million monthly active users (MAU), which is 20% more than the previous quarter.

"Despite the COVID-19 epidemic, we were able to increase the company's external and internal stability compared to the previous year," said HYBE CEO Park Ji Won during the company's conference call for institutional investors. "In the fourth quarter, beginning with BTS's LA concert, we intend to develop additional offline concerts for a boost in the company's revenue," CEO Park Ji Won stated.

Meanwhile, HYBE conducted a corporate conference on this day, announcing plans for a new girl group in the US and a new boy group in Japan, as well as the launch of an original story company, a new game incorporating BTS, and an NFT platform business.