HYBE-Q1 earnings
HYBE shifts to loss in Q1
SEOUL, April 29 (Yonhap) -- South Korea's largest entertainment agency HYBE on Wednesday reported a first-quarter net loss of 156.7 billion won (US$106 million), shifting from a profit of 54.4 billion won a year earlier.
The company, which has K-pop megagroup BTS under its wing, said in a regulatory filing that it posted an operating loss of 196.6 billion won for the January-March period, compared with a profit of 21.6 billion won a year ago. Revenue, on the other hand, rose 39.5 percent to 698.3 billion won.
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