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Shares of Hybe Co Ltd, the record label and agency for the K-Pop group BTS, plummeted after the group announced a hiatus last Tuesday (June 14, 2022).
As of today, Wednesday (June 22, 2022), Hybe's stock has fallen 26.68% since the announcement.
BTS's album sales are the backbone of Hybe's revenue. This doesn't even account for income from concerts, advertising, and other commercial activities.
According to Gaon data, in 2021 Hybe sold 7.4 million copies of BTS albums. This is more than double the sales of Seventeen, another group under Hybe's management, whose albums sold 3.7 million copies last year.
Another group under Hybe, TXT, sold 1.8 million album copies. Enhypen, which debuted in 2020, sold 2.2 million album copies in 2021.
In the first quarter of 2022, Hybe recorded revenue of 284.97 billion Korean won. This is a 59.8% year-on-year increase.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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