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Researcher Says Comebacks of BTS, SEVENTEEN, & More Will Make up for the Loss in HYBE's 1st Quarter Sales and Profit


By
Apr 22, 2021
HYBE saw a decrease in album sales in the first quarter of 2021, potentially affecting the total sales and operating profit. But a researcher said that comebacks of BTS, SEVENTEEN, and other artists will help improve the earnings in the second quarter.
On April 22, media outlets reported that HYBE s earnings in the second quarter of this year will grow with the help of Ithaca Holdings and comebacks of K-pop artists like BTS, SEVENTEEN, NU EST, and GFRIEND, according to a researcher of KB Investment & Securities.
HYBE s 2021 1st Quarter Sales and Profit Expected to Be Lower Than 2020 1st Quarter
Researcher Lee Sun Hwa shared that they maintained the Buy rating and target price of HYBE to 305,000 won. Lee continued that they expect the sales and profits of HYBE (formerly Big Hit Entertainment) to be lower than last year as there has been a decrease in album sales in the first quarter of 2021. ....

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