HYBE posts its biggest quarter ever, with 1.53 trillion won in revenue as the BTS stadium tour pays off

HYBE, the Seoul company behind BTS, ENHYPEN, LE SSERAFIM and KATSEYE, has closed the biggest quarter in its history. Preliminary results for July to September 2026, published on 3 November, put consolidated revenue at about 1.5257 trillion won and operating profit at 188.5 billion won. Both are all-time quarterly highs, beating the records HYBE set only one quarter earlier.

For scale, that revenue figure is roughly double what the company booked in the same quarter of 2025, and the operating profit is a swing from a loss of 42.2 billion won a year ago. Net profit returned to the black at 11.3 billion won. Across the first three quarters of 2026, HYBE has now taken in about 3.67 trillion won.

The money was made on the road

Concerts were the engine. HYBE booked 726.8 billion won from live shows in the quarter, a single-quarter record, as BTS played stadiums in Europe and North America and ENHYPEN toured the Americas. LE SSERAFIM, &TEAM, BOYNEXTDOOR, TWS, ILLIT, KATSEYE and CORTIS were also on the road during the period.

Merchandise and licensing brought in 334.6 billion won, another quarterly peak, with BTS tour merchandise doing much of the lifting. Recorded music, both new releases and catalogue, added 282.8 billion won.

Why it matters

BTS's return to the stage after their years apart has reshaped the numbers for the whole company. The group's world tour pushed HYBE past 1 trillion won in a single quarter for the first time in Q2, and the third quarter has now topped that again. At this pace HYBE is on course to become the first South Korean music company to reach 4 trillion won in annual revenue.

There is a second story underneath the headline. The profit came in ahead of what the market was expecting, and a growing share of the business now sits outside BTS: younger groups such as KATSEYE and CORTIS are building their own touring and merchandise businesses, which matters for a company that has long been judged on how much it leans on one act.

These are preliminary figures; HYBE's full earnings materials add more detail on each division. For more on the company's stars, see our pages for BTS, and our recent report on KATSEYE's Wildworld Tour across Asia and Oceania.