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HYBE (352820) investor relations material
HYBE Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue in 2Q26 reached KRW 1,449,998 million, up 107.6% quarter-over-quarter and 105.5% year-over-year.
Operating profit turned positive to KRW 170,925 million, a 159.3% increase year-over-year.
Net profit rebounded to KRW 109,765 million, reversing a loss in the previous quarter.
Financial highlights
Adjusted operating profit margin improved to 11.8%, up 3.4 percentage points quarter-over-quarter.
Gross margin for 2Q26 was KRW 461,425 million.
Significant growth in Artist Direct revenue (KRW 1,039,880 million, up 157.6% QoQ, 132.2% YoY).
Merchandising & Licensing revenue more than doubled year-over-year to KRW 310,592 million.
Outlook and guidance
Over 200 concerts planned for 2H26, indicating continued strong live event activity.
Expansion of concert experiences and global brand presence through diversified formats and themed events.
- Record revenue growth in 2025 offset by profit decline, with BTS's 2026 comeback ahead.352820
Q4 20258 Jul 2026 - Q2 2024 revenue hit KRW 640.5B, with profit down YoY but global and platform growth ongoing.352820
Q2 20248 Jul 2026 - Q3 revenue fell to ₩527.8B, but global artist and platform growth initiatives advanced.352820
Q3 202425 Jun 2026 - Q1 2025 revenue hit ₩500.6B, with net profit of ₩60.2B and strong concert-driven growth.352820
Q1 202525 Jun 2026 - Q2 2025 revenue up 10.2% YoY, with strong concerts and global expansion despite H1 revenue drop.352820
Q2 202525 Jun 2026 - Q3 revenue up 37.8% YoY, but profit turned negative amid investments and restructuring.352820
Q3 202525 Jun 2026 - Q1 2026 saw KRW 698.3B revenue, record BTS achievements, and a net loss from a stock gift expense.352820
Q1 202622 Jun 2026 - Record revenue in 2024; profit fell, but global expansion and margin recovery expected.352820
Q4 20246 Jun 2025
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