Hybe shares rose 10% after investors reacted to expectations of stronger third-quarter earnings, helped by BTS concerts and growing demand for newer K-pop acts.
01Summary
- 01Hybe shares surged 10% on Friday, outperforming the Kospi index, which rose 2.9%.
- 02iM Securities expects third-quarter revenue of 1.5 trillion won, up 106% year on year, and operating profit of 172.2 billion won.
- 03Concert revenue is forecast at 717 billion won, nearly three times higher than a year earlier, after BTS held 16 stadium shows in North America and eight in Europe.
- 04Concert attendance across Hybe acts reached nearly 3 million in the quarter, with Western markets making up more than 70% of the total for the first time.
- 05The report said newer acts including Enhypen, Katseye and Cortis are helping reduce Hybe's reliance on BTS, while stronger demand for extra BTS concerts could lift 2027 forecasts.
02Why it matters
The move shows how much Hybe's earnings still depend on BTS, while also highlighting whether newer groups can broaden the company's growth. Investors will be watching if concert demand turns into sustained profit growth.
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