The South Korean entertainment company behind the K-pop sensation BTS grew group operating profit 31% to 190 billion won ($159 million) last year as music and merchandise sales offset slow concert revenue, Nikkei Asia reported.
Group sales for Seoul-based Hybe soared 58% to 1.25 trillion won. Music sales climbed 18% while revenue from endorsements expanded 120%. Revenue ballooned 180%.
Read the full report: Nikkei Asia