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Home TOP STORIES

JYP Entertainment’s Stock Price Takes a Bigger Tumble Than HYBE, Operating Profit Down by 20%

Rowhaan by Rowhaan
13 May 2024
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JYP Entertainment’s stock price has taken quite a hit, falling even more than HYBE. Plus, their operating profit has dropped by a whopping 20%.

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HYBE’s stock price plummets following conflict with ADOR’s CEO Min Hee Jin and claims of ties with Dahn World.

JYP Entertainment’s stock price continues to slide as its financial performance fails to meet market expectations. 

On May 10, the company revealed its Q1 results, which showed a 16% year-over-year increase in sales to 136.5 billion won. Despite this growth, the figures fell short of market forecasts, contributing to the decline in stock price.

Here’s a breakdown of JYP Entertainment’s Q1 performance

  • Album & music sales: 46.7 billion won
  • Concert revenue: 29.4 billion won
  • Ad sales: 7.9 billion won
  • Appearance fees: 4.7 billion won
  • Other sales (including image rights): 47.7 billion won

The agency’s operating profit fell 20% to 33.6 billion won, significantly missing market expectations of 43.9 billion won.

The company’s financial performance is impacted by various factors, including the entertainment industry trends, market conditions, and the absence of a breakthrough boygroup after Stray Kids debut.

Since 2019, they’re focusing more on debuting girl groups like NMIXX, ITZY, NiziU, and VCHA. NEXZ, a new boygroup by JYP Entertainment is scheduled to debut this month.

Lastly, JYP Entertainment’s finances are expected to improve in the second half of the year, driven by Stray Kids’ comeback in July and world tour, NEXZ’s debut, Nayeon’s solo comeback, TWICE’s Japan album, and the debut of the new male group LOUD. This busy schedule is predicted to generate an operating profit of around 120 billion won in the second half.

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