BTS and TXT agency HYBE makes more than one trillion Korean won in annual sales

Credit: Koreaboo

HYBE Out-Sells “The Big 3,” Records Highest Revenue In K-Pop History Its profits are higher than ever before.

Credit: Koreaboo

Nine years ago, No one knows about the HYBE. Now, the agency behind BTS and TXT is breaking records and reigning supreme over the Korean (K-pop) music industry. 

Credit: Koreaboo

On February 22, HYBE released its Q4 2021 Earnings Report, an annual revenue record that includes album sales, advertisement revenue, concert earnings, and more. 

Credit: Koreaboo

Last year, HYBE surpassed ₩1 trillion KRW ($838,399,200 USD) in annual earnings, which includes in-person concerts and online concerts.

Credit: Koreaboo

HYBE’s sales soared higher than ever. 2021 concert sales increased 980.5% from the previous year, earning ₩49.7 billion KRW ($41,672,605 USD).

Credit: Koreaboo

The majority of those earnings, ₩49.7 billion KRW, were from 2021’s fourth quarter alone, thanks to BTS’s PERMISSION TO DANCE concerts in Los Angeles. 

Credit: Koreaboo

HYBE has also announced some exciting plans for 2022. HYBE plans to enter the NFT space by mid-year and introduce new games this summer.

Credit: Koreaboo

Offline concerts for BTS, TXT, and ENHYPEN will be held at home and overseas. This includes a highly anticipated world tour for BTS.