{"id":238166,"date":"2025-08-13T18:09:05","date_gmt":"2025-08-13T17:09:05","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=238166"},"modified":"2025-08-13T18:22:35","modified_gmt":"2025-08-13T17:22:35","slug":"jyp-entertainment-profit-soars-in-q2-helped-by-stray-kids-world-tour-kpop-demon-hunters","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/jyp-entertainment-profit-soars-in-q2-helped-by-stray-kids-world-tour-kpop-demon-hunters\/","title":{"rendered":"JYP Entertainment profit soars in Q2, helped by Stray Kids tour, Kpop Demon Hunters"},"content":{"rendered":"MBW\u2019s Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry. Stat Of the Week is supported by\u00a0music data analytics firm\u00a0Chartmetric<\/a>.\n
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JYP Entertainment<\/strong>, the K-pop agency behind such acts as Stray Kids, TWICE, and DAY6, reported blockbuster quarterly earnings on Wednesday (August 13) in the wake of several major world tours by its acts.<\/p>\n

The Seoul-headquartered company reported a 125.5% YoY<\/strong><\/span> increase in revenue \u2013 yes, more than double \u2013 to 215.8 billion<\/strong> Korean won in the three months to end of June. That’s USD $154 million<\/strong> at the average exchange rate for Q2.<\/p>\n

Meanwhile, the company’s reported operating profit of KRW 52.9 billion<\/strong> ($37.7 million<\/strong>) was up by a whopping 466.3% YoY<\/strong><\/span>. Q2 net profit stood at KRW 36.3 billion<\/strong> ($25.9 million<\/strong>), up 2,734.4% YoY<\/strong><\/span>.<\/p>\n

A major part of that growth came in the concert segment, which saw revenue growth of 342% YoY<\/strong><\/span> to KRW 62.0 billion<\/strong> ($44.2 million<\/strong>).<\/p>\n

As major contributors to that number, JYP singled out\u00a0Stray Kids<\/strong>\u2019 recently completed world tour, which saw the boy group perform 54 shows in 23 cities across Asia, Oceania, Latin America, North America, and Europe.\u00a0The tour, which started in August 2024, ended a few weeks ago \u2013 nearly a year later \u2013 with a performance at Rome\u2019s Stadio Olimpico.<\/p>\n

According to Live Nation, Stray Kids’<\/strong>\u00a0<dominATE> World Tour\u00a0is now the\u00a0highest-grossing and best-selling tour ever by a K-pop act in North America, Latin America, and Europe.<\/p>\n

Also contributing to JYP’s concert revenues in Q2 was DAY6<\/strong>\u2019s world tour (45 shows in 23 cities) and performances by girl group TWICE<\/strong>, including its headline performance at Lollapalooza Chicago 2025.<\/p>\n

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JYP<\/strong> also mentioned the success of the Netflix movie Kpop Demon Hunters<\/em> in its earnings report.<\/p>\n

Three members of TWICE \u2013 Jeongyeon<\/strong>, Jihyo<\/strong>, and Chaeyoung<\/strong> \u2013 contributed to the soundtrack with the song Takedown<\/em>, which has become the highest-charting song on the Billboard 100<\/strong> to have come from a Netflix movie.<\/p>\n

Additionally, the TWICE track Strategy<\/em> featuring Megan Thee Stallion<\/strong> appeared briefly in the movie, and has now entered the Billboard 100.<\/p>\n

The tours by JYP artists also boosted the company\u2019s merch sales, which jumped 355.9% YoY<\/strong><\/span> to KRW 66.9 billion<\/strong> ($47.7 million<\/strong>).<\/p>\n

That was helped along by collaborations between Stray Kids and merch company Tamagotchi<\/strong>, as well as a collab between TWICE and merch company Sanrio<\/strong>.<\/p>\n

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Source: JYP<\/figcaption><\/figure>\n
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Ad revenue increased 22.4% YoY<\/strong> to KRW 11.3 billion<\/strong> ($8.1 million<\/strong>), which JYP attributed to \u201cenhanced collaborations with global brands and increased artist awareness.\u201d<\/p>\n

One area of weakness in the earnings report was streaming revenue, which fell 10.2% YoY<\/strong><\/span> to KRW 11.5 billion<\/strong> ($8.2 million). JYP attributed this to a distortion in the year-on-year comparison with Q2 2024, which included a one-time recognition of streaming revenue from China. Nonetheless, streaming revenue is still down around 7.8%<\/strong><\/span> from the same quarter two years ago.<\/p>\n

Offsetting the lower streaming revenue is a 100% YoY<\/strong><\/span> jump in physical album sales, to KRW 27.1 billion<\/strong> ($19.3 million<\/strong>). JYP said that was thanks to a solid roster of new releases, including a Stray Kids mini-album in Japan.<\/p>\n

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Japan, where physical album sales remain stronger than in most other developed music markets, has been steadily growing as a source of revenue for JYP. It accounted for KRW 45.2 billion<\/strong> ($32.2 million<\/strong>) of the company\u2019s revenue in the latest quarter, or 21%<\/strong> of the total, up from 10%<\/strong> five years earlier.<\/p>\n

The world outside Korea, Japan and China has also been growing as a share of revenue, amid JYP’s efforts to internationalize its business. Ex-Korea, Japan and China sales were 41%<\/strong> of the total in the latest quarter, up from 31%<\/strong> a year earlier, and 13%<\/strong> five years earlier.<\/p>\n

JYP isn\u2019t the only Korean music company to see revenue boosted by live events at a time when record sales and streaming are seeing slowing growth.<\/p>\n

HYBE, the largest of the Korean music companies, reported a tripling of concert revenue<\/a> in the first quarter of 2025, and a 31% YoY<\/strong><\/span> increase in Q2<\/a>.<\/p>\n

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<\/a><\/i><\/a><\/figure>Chartmetric<\/a> is the all-in-one platform for artists and music industry professionals, providing comprehensive streaming, social, and audience data for everyone to create successful careers in music.<\/em><\/span><\/strong>\n","protected":false},"excerpt":{"rendered":"

The Korean music company’s blockbuster earnings even got a little help from \u2018Kpop Demon Hunters\u2019<\/p>\n","protected":false},"author":46,"featured_media":238176,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,7],"tags":[130682,131308,134401,131578,124425,130814,131309],"class_list":["post-238166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-earnings","tag-jyp-entertainment","tag-kpop-demon-hunters","tag-revenue","tag-stat-of-the-week","tag-stray-kids","tag-twice"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/238166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=238166"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/238166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/238176"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=238166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=238166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=238166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}