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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.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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