HYBE Co., Ltd. (352820.KS) said on Wednesday that it slipped into a loss in the first quarter, compared to last year's profit. Quarterly sales, however, were up 39.5 percent.
The music production and entertainment company reported a net attributable loss of 158.5 billion Korean won in the first quarter of 2026, compared to a net attributable income of 600 million won in the same period last year.
HYBE Co reported pre-tax net loss from continuing operations of 132.6 billion won in the three months, compared to net income of 802 million won in the corresponding quarter a year ago.
During the first quarter, sales, however, climbed 39.5 percent to 698.3 billion won from 500.6 billion won in the year-ago period.
On the KSE, 352820.KS ended Tuesday's trading at 252,500.00 Korean Won, up 1.6 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.