Hybe Corporation Shows Financial Loss In Most Recent Quarterly Earnings Report

[UMJI MOODS]

Hybe Corp. has released it's financial statement for the 4th quarter of 2024 showing the company with a paper valuation in the billions of US dollars recorded a loss of revenue in excess of minus 18 million dollars in net income.
Here is the important information.
The earnings summary page.

And a breakdown of krw to usd values.
B=billion M=million krw=Korean won usd=US dollar
Total revenue which is gross profit aka all cash inflow:
725,119,000,000B krw = 506,879,754,00M usd
Operating expense is all costs internal to the company:
659,974;000,000B krw = 461,214,250.24M usd
Operating profit is total revenue minus operating expense:
65,344,000,000B krw = 45,664,804.93M usd
EBITDA stand for earnings before interest, taxes, depreciation and amortization ie external expenses:
91,118,000,000B krw = 63,676,629.77M usd
Net income is actual profit that the company has made:
-26,019,000,000B krw = -18,183,639.90M usd
These valuations were accurate just prior to 4pmPST Feb. 25th 2025
For those who would like to view the entire quarterly report it is available here as a downloadable pdf.​

 

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deserve !

 

[Dragon of the West]

The loss is hardly surprising since they've been diversifying their operations quite a lot lately. Their labels are still profitable thanks to all the touring.

 

[UMJI MOODS]

The loss is hardly surprising since they've been diversifying their operations quite a lot lately. Their labels are still profitable thanks to all the touring.

Several of those labels were put up as loan guarantees and are likely having to cover interest payments against them. Hybe has also in the past directly taken money from labels as it did from ador last year to cover income losses at another sub-company.