Hybe Posts Record Revenues (And Significant Losses) During Latest Quarter

Photo Credit: BTS’ Jin by 티비텐 / CC by 3.0
Hybe sets a new record for quarterly revenue driven by the global success of K-pop acts like BTS member Jin. But the company’s significant operating loss continues.
K-pop juggernaut Hybe has posted record quarterly revenue of $524.7 million (727.2 billion KRW), a 37.8% year-over-year increase. The company behind K-pop powerhouse BTS also posted cumulative sales approaching $1.37 billion (2 trillion KRW). Those numbers wer