JYP Entertainment and YG Entertainment report Q2 sales + operating profits for 2023
On August 11 KST, both entertainment labels reported their performance results from the second quarter of 2023. First, JYP Entertainment reported a sales amount of 151.7 billion KRW , a whopping 124% increase from the same quarter last year. The label's reported operating profit amounted to 45.6 billion KRW for this quarter, a 88% increase from the same quarter in 2022.
Next, YG Entertainment reported a total sales amount of 158.2 billion KRW and an operating profit of 28.9 billion KRW for the second quarter of 2023, demonstrating an increase in performance of 108.2% in sales and 209.3% in operating profits when compared to the same quarter in 2022.
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