These positive first-quarter results don’t, however, come close to the company’s impressive previous quarter, Q4 2020. Then, still without touring income, HYBE produced livestreamed concerts and had strong music sales -- 159% greater than 2021’s first quarter -- and closed 2020 with quarterly revenue of $278 million and a $23.7 million profit.
In March, HYBE changed its name from Big Hit Entertainment and restructured itself into three segments: Big Hit Music houses the labels BELIFT Lab, Source Music, PLEDIS Entertainment and KOZ Entertainment; HYBE IP and HYBE 360 encompasses HYBE Edu and Superb; and WeVerse is HYBE’s social media platform that had 4.9 million monthly average users during 2021’s first quarter, up from 2.4 million a year earlier.
Operating profit: 21.7 billion KRW in Q1 2021 -- up 9% from 19.9 billion KRW in Q1 2020; down 39% from 256.7 million KRW in Q4 2020.
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Bts built an empire
ended a certain pop star who sang off key in her own chorus & makes a living of whispering
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officialbts_bd No Big 3 now only Elite 1 supremacy 🔥
I vote for Dynamite by BTS_twt for BestMusicVideo at the iHeartAwards
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