HYBE Labels reports sales, operating profits, and more for Q2 of 2023
HYBE Labels
reported its performance results from the second quarter of 2023, including sales, operating profits, and total earnings before interest, taxes, depreciation, and amortization . First, the multi-label company reported a total sales of 621 billion KRW and an operating profit of 81.3 billion KRW . This brought the company's EBITDA at 106.4 billion KRW , and its net profit at 117.4 billion KRW for Q2 of 2023.
While sales continued to experience a significant growth from last year, operating profit from Q2 of 2023 experienced a 7.9% decrease from the same quarter in 2022. According to HYBE Labels, this decrease was largely in part due to the operating fees invested into events such as the 'Notably in Q2 of 2023, sales from live performances experienced an 85.
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