HYBELabels reports 44.1% increase in sales, 41.7% in operating profits for Q1 of 2023
HYBE LabelsFirst, Q1 of 2023 ushered in a new era of HYBE Labels, seeing the most diverse lineup of artists in the company's history participating in various promotions. Altogether, HYBE Labels artists sold over 9 million albums this quarter.
In sales, HYBE Labels recorded 410.6 billion KRW for Q1 of 2023, while its operating profit hit 52.5 billion KRW . Sales increased by 44.1%, and operating profit increased by 41.7% compared to the same quarter in 2022.
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