Follow us Get news via Twitter Become a fan Join us on Facebook Subscribe Net News via RSS Big Hit Entertainment Sales, Profit Up In Fourth Quarter And Full Year 2020 February 23, 2021 at 10:13 AM (PT) Sales, Profits Rise SOUTH KOREA's BIG HIT ENTERTAINMENT 2020 full year sales increased 36% to KRW 796.3 billion in preliminary financial results released TODAY (2/23). Net profit rose 19% to KRW 86.2 billion. Fourth quarter sales jumped 117% year-to-year to KRW 312.3 billion, with operating profit increasing 122% to KRW 52.5 billion.
The increase was led by strong album sales from BTS, SEVENTEEN, TOMORROW X TOGETHER, and ENHYPEN, with revenue from album sales nearly tripling to KRW 320.6 billion. Revenue from off-line concerts fell due to COVID-19, but official merchandise and licensing, content, and fan club related sales all showed substantial growth, as did fan platform WEVERSE.