K-pop powerhouse BTS’ agency HYBE posts $30m operating loss despite record quarterly sales
South Korean K-pop giant HYBE has announced its record quarterly earnings, with a 37.8% boost in revenue from last year. The company’s consolidated sales, driven by music sales, world tours, and live events, reached 2 trillion Korean won. Despite a loss in operating margin, HYBE remains optimistic for the future due to the upcoming BTS comeback.