Korea Daily That's the Google translation, but what a headline. Thanks for making me laugh again at business headlines. English version of full report is on YG's IR Disclosures page, the Report on Business Performance posted 2025.08.11. Babymonster and Treasure tours helped get them back to profitability. Blackpink's should help in latter half of the year. YG's net income is surprisingly low compared to peers, even through the previous 5 years. Blackpink is the biggest female group and their luxury deals are the most prominent in Kpop. Maybe Blackpink members themselves get a bigger cut of those? Or their other groups hadn't taken off as much, and there was no other girl group until Babymonster last year. I assumed its size, with solo members having the most followers on IG, would make up for shortfalls from the other groups. I wondered if their smaller catalog plays a role too for something like streams. Wikpedia says Blackpink has official 33 tracks, compared to 250 by Twice who debuted a year earlier. There's some 7 more tracks from the first solos Blackpink did for YG. Surprising how many more songs Twice has. But Kworb shows Twice actually has fewer streams compared to Blackpink. Something I am curious about is how much non-music revenue they make. YG doesn't release any breakdown or presentation. Merchandise, fanclub, and ads help Hybe balance out falling revenue from recorded music. I think the random businesses/investments they did since 2014 hurt profit too: indoor golf, food, dance, Nonagon clothes. (I'll post more, not too complex, Kpoppers.) Latest quarter results of the Big 4: Report shows YG's net income of 8 billion won For context, JYP posted 69 billion won last quarter when I started writing this, and just reported 36.3b Hybe: 15b won SM: 30.9b won Hybe has the biggest revenue, about 3x JYP and the two most profitable years among Big 4. Hybe's sales are bigger because of acquisition. The streaming revenue of Ithaca holding labels is roughly on par with Hybe's Kpop the past 4 years. But past two years JYP's been the net income leader. I got the impression Hybe's spending on Katseye hurt their profit last year. It's starting to pay off now (7 day link). I'll focus on Hybe later. JYP mature groups. Lower costs, higher profit I think JYP benefits from two mature girl groups; another mature group, Stray Kids fills the BTS enlistment vacuum. The name recognition lowers 'customer acquisition cost' for tours, which have become more profitable in recent years for the top groups. Little YG investor relations info I notice on YG's site, they don't have any presentations breaking down any details. Even their peers' earnings presentations aren't anywhere near the detail of the 10-Qs required by the US from publicly traded companies. YG just links straight to the income statement KRX (Korea Exchange) site. Is there some Korean version I'm not seeing, as far as conference call notes, etc? (The site in Korean just seems to be the same.) There's only the minimum required disclosures on Korea's DART site run by the government financial regulator, their SEC. Anyone notice the interesting SM report? SM does have a much higher net income in their last quarter, that seems to be related to accounting for their purchase of DearU shares. I have seen it and will break it down separately. The music business net income is lower than JYP's. There seem to be noncash investment gains of the consolidated SM-DearU. submitted by /u/hyeran_jainros_fc [link] [comments]
