News Hype posts: record quarterly revenue, nears 2 trillion won in cumulative sales (1 Viewer)

[SOSOYOUNG]

Operating loss persists due to one-off global expansion, marketing costs
Report: Kim Jae-Heun

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K-pop powerhouse behind BTS, has set a new record for quarterly revenue, driven by strong global tour performances, with cumulative sales through the third quarter approaching 2 trillion won ($1.37 billion).

The company on Monday reported consolidated revenue of 727.2 billion won in the third quarter, up 37.8 percent from the same period last year. This surpasses the previous quarterly record of 726.4 billion won set in the fourth quarter last year. With strong growth in the first two quarters of the year as well, cumulative revenue through September totaled approximately 1.93 trillion won.

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[RandAlThor]

nice cash.