Entertainment’s Stock Soars Amid Surprising Earnings
[한국경제=노정동 기자] YG Entertainment (YG Entertainment) has surpassed market expectations with its impressive earnings and the unexpected contributions from rookie artists, leading to a new record high in its stock value. As of 9:27 AM today, YG Entertainment shares were trading at 64,300 won, up 2,500 won (4.05%) from yesterday. At one point during the trading session, the stock reached 64,700 won, marking the highest price level within the year. YG PLUS, which handles music distribution and merchandise (MD) for YG Entertainment, is also up by 11%.
Yesterday, YG Entertainment announced its fourth-quarter consolidated revenue of 104.1 billion won and an operating profit of 1.3 billion won. The market had previously anticipated an operating loss of 5.4 billion won for the company.
Meritz Securities analyst Kim Min-young stated, “The monetization of new intellectual properties (IP) and younger projects is accelerating faster than expected. The growing prominence of TREASURE and BABYMONSTER is likely driving these results.”
The outlook for YG Entertainment’s performance this year is also positive, with the resumption of activities by BLACKPINK, WINNER, and AKMU. BABYMONSTER is set to embark on their world tour just one year after debuting, and TREASURE has scheduled a special album release for March and a full album in the third quarter (July to September).
Samsung Securities analyst Choi Min-ha noted, “BLACKPINK has announced a world tour starting this July in Korea, covering 10 cities with 13 performances. The previous tour (October 2022 to September 2023) drew 1.8 million attendees over 66 shows, with an average of 27,300 attendees per show. This time, the number is expected to rise to around 50,000 per show, which will likely lead to significant increases in concert revenue and MD sales.”
NH Investment & Securities analyst Lee Hwa-jeong also added, “With some dates of BLACKPINK’s world tour already made public, BABYMONSTER has also entered a profitable phase. YG Entertainment is expected to continue its upward trend in earnings, and the resumption of performances in China also presents a positive outlook.”
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