Top 4 Kpop Entertainment HYBE, SM, JYP & YG Reveal Their 2nd Quarter Profits For 2021
We can all agree that the Kpop Entertainment Industry is becoming more powerful and successful especially when it comes to these four well known companies namely HYBE Labels and Kpop Big 3 Entertainment ,SM Entertainment , JYP Entertainment , and YG Entertainment. These 4 Companies finally revealed their revenue and profits from 2021’s second quarter. Each agency revealed their revenue between April and June this year. Keep on reading to see which agency came out on top!
First is when it comes to their Revenue which is a company’s total income from all sales , second is their Operating Profits which is how much money the company has left after paying most of their expenses , not including savings or investment profits. And lastly the Net Income which is the most important figure that shows the true profitability of a company, their earning from all cash flows minus all costs and expenses.
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4. YG Entertainment
YG Entertainment failed to turn a profit in 2021’s second quarter, ending June with a loss of ₩1.50 billion KRW (about $1.29 million USD). The company’s operating profit was ₩10.4 billion KRW (about $8.92 million USD) after generating ₩83.6 billion KRW (about $71.7 million USD) in sales.
YG Entertainment’s finances have seen a downturn since the first quarter of 2021, when the company reached ₩8.65 billion KRW (about $7.42 million USD) in net income thanks to comebacks from TREASURE, iKON‘s Bobby, and WINNER‘s Seungyoon as well as BLACKPINK Rosé‘s solo debut.
3. JYP Entertainment
Top 3 in BIG 4 Companies is JYP Entertainment, which reached a net income of ₩4.80 billion KRW (about $4.12 million USD) in 2021’s second quarter. The company’s operating profit was ₩9.60 billion KRW (about $8.24 million USD) after generating ₩40.6 billion KRW (about $34.8 million USD) in sales.
DAY6, ITZY, TWICE boost sales significantly with their new releases.
However, JYP Entertainment has also declined financially since the first quarter of 2021. Despite not releasing any new music between January and March, the company reached ₩12.0 billion KRW (about $10.3 million USD) in net income.
2. SM Entertainment
SM Entertainment reached a net income of ₩16.3 billion KRW (about $14.0 million USD) in 2021’s second quarter. The company’s operating profit was ₩27.5 billion KRW (about $23.6 million USD) after generating ₩186 billion KRW (about $160 million USD) in sales.
In the Second Quarter of 2021, SHINee and SHINee’s Taemin, Super Junior‘s Yesung, EXO, and NCT Dream all came back with new releases. The quarter also saw Red Velvet‘s Wendy and Joy make their solo debuts, further boosting sales.
SM Entertainment has almost doubled its earnings from the first quarter of 2021, when the company reached ₩8.67 billion KRW (about $7.44 million USD) in net income after SHINee, Super Junior, and EXO’s Baekhyun made their comebacks.
1. HYBE
Finally, HYBE had the highest net income of 2021’s second quarter: ₩20.2 billion KRW (about $17.3 million USD). The company’s operating profit was ₩28.0 billion KRW (about $24.0 million USD) after generating ₩279 billion KRW (about $239 million USD) in sales.
After a quiet first quarter, Q2 of 2021 saw numerous HYBE artists make their comebacks: BTS, TXT, SEVENTEEN, NU’EST, and ENHYPEN, all racking up sales and streams.
HYBE’s earnings have seen an uptick since the first quarter of 2021, when the company reached ₩15.8 billion KRW (about $13.6 million USD) in net income with no comebacks.
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