HYBE Q3 Revenue Climbs 37.8% as Concerts Bring in More Profits

• HYBE posted brilliant Q3 2025 revenue after restructuring efforts.
• HYBE’s concert revenue tripled, with direct artist activities making a significant portion of revenue.
• Despite growth, HYBE logged an operating loss; nevertheless looks forward to profitability.

BTS's parent company HYBE posted a staggering Q3 2025 revenue of ₩727.2B (~ $524.7M USD), up by 37.8% year-on-year, pushing their nine-month sales towards ₩1.93 trillion.

The increase was powered by live events. HYBE's concert revenue tripled to ₩245B, a 231% YoY increase driven by world tours and fan meets by Jin, SEVENTEEN, TOMORROW X TOGETHER, and ENHYPEN. Direct artist activities, like recorded music, added with concerts, represented about 66% of group revenue.

HYBE’S Fan Ecosystem & Global IP Push Expand Revenue Base

HYBE concluded Q3 with an operating deficit of ₩42.2B despite robust top-line growth. Management clarified that one-time restructuring expenses in its North American subsidiary and front-loaded spending on international IP projects were the causes of the decline.

HYBE's fan ecosystem expanded as well. Weverse had 11.6M monthly active users in the third quarter and is set to launch Weverse DM on QQ Music on November 18 to expand in China. According to the company, Weverse became significantly profitable during the quarter.

Additionally, HYBE indicated robust U.S. momentum. It cited the popularity of KATSEYE's Gabriella and their recent Grammy nominations as evidence of effective global expansion. According to HYBE, its partnerships with U.S. labels and Latin American artists are helping the company expand its IP base.

HYBE management described the quarter as deliberate short-term pain for mid-to-long-term gain. The company expects to recover its profit as restructuring impacts fade and make a comeback with a big catalog and tour revenue, including BTS' projected full-group return, thus lifting its profitability beyond 2026.