YG Plus Posts Record Q3 Driven by BLACKPINK World Tour Merchandise
Creatrip Team
4 months ago
YG Plus reported record Q3 results with consolidated revenue of about KRW 69.9 billion and operating profit of KRW 14.1 billion; cumulative nine-month revenue reached KRW 177.2 billion and operating profit KRW 27.0 billion. Year‑to‑date revenue rose ~36% and net profit jumped roughly 1,912% to KRW 22.0 billion. The company attributed the strong performance largely to increased merchandise (MD) sales tied to BLACKPINK’s world tour (tour dates in Goyang, North America, Europe, and Asia), recent releases from BabyMonster and TREASURE, distribution of external label music and albums, and improved results from its subsidiary YG Investment. YG Plus expects continued contributions from ongoing world tours and an upcoming new BLACKPINK album to sustain music, album distribution, and MD revenues.
