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HYBE (352820) investor relations material

HYBE Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Fiscal year 2025 revenue reached ₩2.65 trillion, marking record-breaking sales and 17.5–18% year-over-year growth, driven by global artist activities and business model evolution.

  • Major artists held 279 large-scale global concerts in 53 cities, expanding fan engagement and solidifying global presence.

  • BTS members completed military service and will return as a group in 2026, launching a new album and the largest world tour in K-pop history.

  • Q4 2025 revenue was ₩716.4 billion, down 1.4% year-over-year, with operating profit of ₩4.6 billion, turning a profit sequentially.

  • Operating profit for FY2025 was ₩49.9 billion, down 72.9% year-over-year, with a 3-year CAGR of -58.9%.

Financial highlights

  • Consolidated revenue for 2025 was ₩2,640.9 billion, up 18% year-over-year, with operating profit at ₩49.9 billion and an OP margin of 1.9%.

  • FY2025 EBITDA was ₩154.0 billion, down 47% year-over-year; net profit was -₩256.7 billion, a significant loss from the prior year.

  • Q4 2025 EBITDA was ₩32.1 billion, recovering from a loss in Q3 2025.

  • Non-operating impairment losses of approximately ₩200 billion were recognized in Q4 due to U.S. business restructuring.

  • Q4 revenue was ₩716.4 billion, with ₩4.6 billion in operating profit, impacted by marketing and restructuring costs.

Outlook and guidance

  • 2026 will see BTS's full group comeback, a new album, and a record-breaking world tour, expected to drive significant growth.

  • Plans include debuting new girl and boy groups globally, expanding in Japan and India, and leveraging digital business growth.

  • Weverse platform expects increased traffic and commerce from BTS activities and further Japanese artist recruitment.

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Frequently asked questions

HYBE Co Ltd is a South Korea-based entertainment and media company engaged in artist management, music production, and content creation. The company operates talent agencies, produces albums and digital music, and manages concerts and fan engagement platforms. HYBE also develops multimedia content, merchandise, and intellectual property through subsidiaries and labels, both domestically and internationally. It is known for managing globally recognized music groups and expanding into technology-driven entertainment services. The company is headquartered in Seoul, South Korea, and its shares are listed on the KRX.

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