[Today’s K-pop] Hybe posts record quarterly earnings thanks to “Butter”
K-popNov 4, 2021
Hybe announced in a disclosure on Thursday that its third-quarter operating profit jumped 63.33 percent on-year to 65.6 billion won ($55.41 million). Its sales reached 341 billion won, up 79.49 percent from the same period last year. Both figures are the highest ever for the company. Its net profit ballooned 81.86 percent to 49.5 billion won. Album sales, merchandise and licensing all propelled the stellar performance, said the firm. Album sales increased 21 percent from the previous qua