YG Entertainment quarter 2 financials

[AegyoInTheStreets]

YG 승리→양현석, 악재 ing "당기 순이익 적자+루이비통 투자금 상환 눈앞" [이슈&톡]

[티브이데일리 최하나 기자] 연예기획사 YG엔터테인먼트(이하 YG)가 그룹 빅뱅 출신 승리부터 아이콘 출신 비아이, 양현석 전 대표 프로듀서 등의 논란으로 인한 악재에서 좀처럼 벗어나지 못하고 있다. YG는 2분기 연결 기준 영업이익이 2억1900만원으로 잠정 집계됐다고 12일 공시했다. 전년 동기와 비교하면 84.4% 줄었다. 같은 기간 매출액은 781억

entertain.v.daum.net

"YG announced on the 12th that its consolidated operating profit was tentatively estimated at KRW 210 million in the second quarter. Compared to the same period last year, it decreased by 84.4%. During the same period, revenue increased 24.5% to W78.25 billion, but net profit recorded a deficit of W6.4bn."

Thats a measly 179K usd operating profit, and negative 5.25 million usd net profit. So now they have even less on hand to pay LVMH back.

Keep supporting your faves YG stans, Papa needs more money for baccarat, and you'll have a sense of pride and accomplishment knowing that you helped support and fund future criminal activities!

 

[TWICE•MOMO]

Yikes. So YG continuing the trend of losing money.

I think at this point they just want to put 2019 behind them and start fresh next year. I bet they would kill for the measly profit's they recorded in 2018 now...ouch.

 

[vortex]

big yikes...

 

[Belkiss]

it decreased by 84.4%. During the same period

 

[sexy cutie]

Yikes. So YG continuing the trend of losing money.

I think at this point they just want to put 2019 behind them and start fresh next year. I bet they would kill for the measly profit's they recorded in 2018 now...ouch.

Brave of you to assume 2020 will be nicer

 

[Pepper]

Their oh-so-expensive-looking MVs were all funded on the backs of prostitutes, so I wonder how are they gonna pay for their artists' new content now LMAO.

 

[Transparent]

Their oh-so-expensive-looking MVs were all funded on the backs of prostitutes, so I wonder how are they gonna pay for their artists' new content now LMAO.

OOF

 

[UMJI MOODS]

Let my babies AKMU and Lee Hi escape

 

[euphoria]

I bet they're desperate for GD to be discharged already

 

[CrimemasterGogo]

They're hiding their profits. We've seen how they're refusing to show their actual earnings so they can go blow it in Vegas. However their shares are gonna sink more.

 

[LaJetée]

Me @ AKMU

 

[Calipso]

BP in your area!!!!!...... and your area, and your area, and another area because they need that won

 

[SM's Kunta Kinte Silence]

Blackpink plz run girls

And NO I am not going to be putting any money in Pig YG's hands.

 

[crazykuroneko]

it's what they deserve

 

[Wiccan]

Time to give BP that full album YG

 

[zai]

Idk what is YGE thinking, they keep losing money

 

[Pandaa]

time for rose solo album to save YG profits

 

[fullofjoy]

"Keep supporting your faves YG stans, Papa needs more money for baccarat, and you'll have a sense of pride and accomplishment knowing that you helped support and fund future criminal activities"

I feel so bad for YG group/artists stans. Just imagine wanting to support your favorite artists and knowing that at the same time you're funding YG illegal business.

 

[NamieKnowles]

Karma is a Blink hihi

 

[grandmajudy]

Let my babies AKMU and Lee Hi escape

If AKMU signed in May 2013, they should be able to leave next early summer if it was the typical 7 year deal.

Lee Hi debuted Fall 2012 so shouldn't she be able to leave in a few months?