Hybe shares jump as K-pop sensation BTS tour lifts earnings hopes
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Hybe shares surged 10% on Friday, outperforming the Kospi index's 2.9% gain, driven by upbeat third-quarter earnings expectations. Local brokerage iM Securities projects third-quarter revenue to reach 1.5 trillion won ($1.11 billion)—up 106% year-on-year—and operating profit at 172.2 billion won, with concert revenue nearly tripling to 717 billion won. BTS's world tour, featuring 24 stadium shows in North America and Europe, alongside tours from newer acts like Enhypen, Katseye, and Cortis, pushed quarterly concert attendance to nearly 3 million, with Western markets accounting for over 70%.
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