Big 4 Rising: JYP, YG, SM, & HYBE, Share Total Profits For 1st Quarter Of 2021
As of writing this article, the top K-pop companies, HYBE, SM Entertainment, JYP Entertainment, and YG Entertainment (at times dubbed as the Big 4), have recently released their revenue and profits from the 1st quarter (January to March) of 2021.
In most cases, K-Pop agency and company profits are accumulated and computed using three main factors. The three figures being revenue, profit operation, and net income. With that, here are HYBE, JYP Entertainment, SM Entertainment, and YG Entertainment's 1st quarter profits:
#1 HYBE
HYBE (formerly known as Big Hit Entertainment) was able to garner the highest net income out of the 4 agencies. HYBE's net income for the 1st quarter of 2021 is: ₩15.8 billion KRW, approximated at $14 million.
HYBE was able to note an operating profit of ₩21.7 billion KRW, approximately $19.3 million. HYBE was able to have ₩178 billion KRW, approximated at $158 million, in terms of revenue from January and March.
#2 JYP Entertainment
Coming in No. 2 is JYP Entertainment with a net income of ₩12.0 billion KRW, approximated at $10.7 million, in 2021's 1st quarter. JYP Entertainment was able to record an operating profit of ₩13.7 billion KRW, approximated at $12.2 million.
Moreover, JYP Entertainment was able to generate a revenue of ₩32.3 billion KRW, around $28.7 million, from January until March of 2021.
#3 SM Entertainment
Getting a net income of ₩8.67 billion KRW, around $7.70 million, SM Entertainment comes in this spot.
SM Entertainment garnered ₩15.3 billion KRW, approximated at $13.6 million, in terms of operating profit due to SM Entertainment garnering a revenue of ₩154 billion KRW, approximated $137 million in 2021's 1st quarter.
#4 YG Entertainment
Last but not least, YG Entertainment had gotten ₩8.65 billion KRW, around $7.68 million in revenue.
YG Entertainment has had an operating profit of ₩9.53 billion KRW, around $8.46 million, after making revenue of ₩97.0 billion KRW, around $86.1 million.
It should be noted that YG Entertainment and SM Entertainment have been demoted from their "blue-chip" status to "mid-sized business" earlier this May after continuous financial woes.