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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] JYP Entertainment posted better-than-expected earnings for the fourth quarter of last year, driven by improving performance from Stray Kids in Western markets, analysts said.
According to Hana Securities analyst Lee Ki-hoon on March 11, the group’s growing global fan base helped boost revenue across albums, concerts and merchandise, leading to stronger-than-anticipated results.
JYP reported fourth-quarter sales of 232.6 billion won, up 17% year-on-year, while operating profit rose 14% to 41.9 billion won, exceeding the market consensus of 35.2 billion won.
Album sales reached about 4.7 million copies, generating 82.8 billion won in revenue, helped by comebacks from Stray Kids and NMIXX. The expansion of Stray Kids’ fan base in Europe and other Western markets during its world tour also supported concert and merchandise sales.
Analysts expect strong growth to continue this year, supported by TWICE’s ongoing world tour, Stray Kids’ new album and tour in the second half, NMIXX’s first world tour, and expanded merchandise and licensing through cooperation with Live Nation in the U.S.
Hana Securities forecasts record operating profit of 176.9 billion won for 2025, up 14% from last year, and maintained a “buy” rating on the stock. Brokerage houses set target prices between 95,000 won and 100,000 won.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
