HYBE Labels publishes its financial report for Q4 of 2022 + describes plans for 2023
HYBE Labels
has published its financial summary report for the fourth quarter of 2022, once again arriving at a new peak in sales. First, HYBE Labels recorded a total sales of 535.3 billion KRW for its fourth quarter of 2022. It also recorded an operating profit of 51.7 billion KRW , not to mention a 17% increase in sales from the same quarter in 2021. For the entire year of 2022, HYBE labels recorded a total sales of 1.778 trillion KRW as well as an operating profit of 237.7 billion KRW . The yearly financial record indicates a 42% increase in sales from 2021, plus a 25% increase in operating profits.
In light of the agency's unprecedented growth in the past few years, what are HYBE's financial plans for 2023? First, the agency revealed that many of its artist will be embarking on tours twice the size and scale of the tours held in 2022, including
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