Recently, HYBE and SM are entangled in a spiral of power when the story of the transfer of SM shares from Lee Soo Man to Bang Shi Hyuk is played out. Even so, despite the complicated context, HYBE's sales are still growing strongly, especially in the most recent report.
It shows that HYBE is proving its leading position with the majority of contributions from BTS as well as other artists under the label. Besides announcing the amazing growth, HYBE also laid out the company's operational strategy, including that of BTS, for the next 3 years.
With what HYBE revealed in the report, it seems that ARMYs can expect more interesting content and events in the near future:
Most recently, HYBE has released a report summarizing the revenue and profit they have achieved in 2023 to the press. This empire has once again broken the highest sales ever thanks to the simultaneous operation of many different artists based on the multi-label system. HYBE's multi-label strategy is the driving force behind the company's activities with various music products, artists' activities in various fields, and non-stop world tours.
Specifically, in the report, HYBE made a profit of 2376,8310.25 million KRW on revenue of 7,780 trillion KRW. Sales increased 377% year over year and operating profit increased 42%. Over the past three years, the average annual sales growth rate has been 25.3% and the operating profit growth rate has been 49.4%.
This achievement is the result of the comprehensive efforts of HYBE Labels artists throughout 2022. HYBE Labels artists feature prominently on the album chart, as well as in gigs and tours. around the world. Of course, in which, BTS under Bł₲ Ⱨł₮ Music is still the group that accounts for the largest percentage of revenue and profit.
BTS announced that the group will be active in chapter 2 with the direction of the members' solo activities from June 2022. In the second half of the year, the group still showed their success with a new strategy when 3 members solo is j-hope, Jin and RM achieved respectable numbers with their solo albums.
It is known that in the following year, the other members' solo activities also continued to accelerate. In addition, the appearance of new content produced by each BTS member as well as their new commercial contracts will also be announced to the au∂ιєnce.
More specifically, in the report, an outline of BTS's operation plan for at least the next 3 years also appeared. The report clearly states that the BTS members plan to continue their individual activities. The most recent will be Jimin's solo album released in March 2023 and SUGA's world tour starting in April of the same year. Other members' activities will also take place soon.
On the other hand, HYBE's representative, CEO Park Ji-won also said, "HYBE has a detailed operation plan and is systematically implementing this until the BTS members fulfill their military service and return to have reunion. We will do everything in our power to support BTS so they can continue to make an epic history in the global music industry."
According to K-media, in the next 3 years, BTS members will, in turn, release solo albums and perform individual concerts to serve ARMYs around the world. During this time, the members will show their individual colors in music while ARMYs will have interesting experiences with each member's solo activities while waiting for the reunion date.
Not only that, HYBE also mentioned that BTS members have completed many commercial contracts with high-end brands around the world. But now, HYBE, along with BTS members and the brand, are working together to deliver the news as planned. So, aside from Jimin and SUGA who announced their contracts, the other members still seem to keep fans curious about what they will announce next.
ARMYs probably won't be resting as expected while the members enlist. Instead, they will alternately deliver plans to drive fans crazy!