Hybe Reports 2024 Net Loss Amid Decline in Operating Profit

Seoul: K-pop powerhouse Hybe Co. on Tuesday reported its 2024 net loss of 3.4 billion won (US$2.4 million), turning from a profit of 183.4 billion won a year earlier.

According to Yonhap News Agency, the company said in a regulatory filing that it posted 184.8 billion won in operating profit for the year, compared with 295.6 billion from the previous year. Annual revenue rose 3.5 percent to 2.25 trillion won.