What to expect from BTS's ”comeback” which is fast approaching... HYBE announces sales for 2024

HYBE's consolidated operating profit for 2024 is 184.8 billion won (approximately 19.2897 billion yen), down 38% from the previous year.
This is due to the impact of the "gap" and the change in sales distribution due to the debut of many new groups. HYBE said, "This year, BTS will be making a comeback, and HYBE's music will be
"HYBE's profitability is expected to improve this year, due to the economic effects of the even growth of ZIC Group's artists."
On the 25th (today), HYBE announced that its consolidated sales last year increased by about 4% year-on-year to 2.2545 trillion won (about 23.5%).
The company's consolidated operating profit for 2024 was 184.8 billion won, down 38% from the previous year.
HYBE said, "The gap in group activities due to BTS's military enlistment and the debut of many new groups have caused a lot of confusion.
The change in the weighting of sales by genre affected the decrease in operating profits.
"Expenses incurred in relation to investments in human resources and infrastructure to prepare a foundation for growth after the establishment of AMERICA also contributed to the decline in profit margins."
He continued, "As new growth businesses, including Weverse and games, begin to operate in earnest, we will incur upfront investment costs to ensure mid- to long-term growth.
" HYBE CEO Lee Jae Sang responded to a question about the "sales ratio of 'BTS'" during a conference call this afternoon by saying, "(The members)
Once everyone returns, we will begin our comeback activities and perform shows, so the proportion (of sales) will increase in the future."
CEO Lee, however, did not mention when BTS would specifically resume activities as a full group.
He also said, "I would like to say that the proportion of BTS' sales has dropped from 95%. During his enlistment, he released a solo album but had no performances, so (
"The proportion has dropped significantly," he said, explaining, "I cannot give you a specific figure, but you can think of it as roughly less than 20% of the 2024 standard."
JIN and J-HOPE of "BTS" discharged last year and are actively working. RM, V, JIMIN, JUNG
The remaining five members, including KOOK and SUGA, are scheduled to be discharged or discharged in June of this year.
CEO Lee said, "Even though their share of the sales has decreased, BTS is an important representative and symbolic artist who has grown together with HYBE since its inception," and added, "We will always strive to provide better performances."
"We will do our best to support them so that they can achieve success on the global stage," he said. HYBE attributes its improved profitability this year to the addition of KEI Do Hudson.
The company cited the strengthening of its artist management capabilities through the acquisition and the generation of corporate sales from HYBE LATIN AMERICA.
In addition, "Weverse, which launched its digital membership service last December, is selling
"The increase will be reflected in the results from January of this year after the free trial period ends," he explained. He continued, "This year, we have seen new team projects in the United States, Japan, Latin America, and other regions.
"HYBE will lead innovation in each market with a 'multi-home, multi-genre' strategy that combines the K-POP system and know-how with local culture and characteristics overseas," he said.
"In the US, we are collaborating with producer Ryan Tedder, who has collaborated with world-famous musicians such as Beyonce, Adele, and Ed Sheeran, and we are working on a new project.
"Japan's YX LABELS will launch a new generation J-POP group following '&TEAM,'" he added.