It’s all thanks to the huge year BTS had!
It’s no secret that BTS had a huge year in 2017 but their agency, Big Hit Entertainment, recently reported an astounding growth in profits, showing just how big their year was!
Data reports indicate that Big Hit Entertainment posted 92.4 billion KRW (approx. $85.9 million USD) in total revenue for 2017, showing a growth rate of 162%.
Operating profits were recorded at 32.5 billion KRW (approx. $30.2 million USD), showing a 214% growth, with net profits at 24.6 billion KRW (approx. $22.6 million USD) recording a 173% growth.
Representatives have confirmed that this is the largest growth in the company’s 13-year history!
2017 was a big year for BTS, with the local and global success of the group resulting in financial performance. In every aspect, we have achieved the best performance and highest growth rate since the company was founded in 2005.” — Big Hit Entertainment Representative
The representative also explained their excitement for the company’s growth.
”It is encouraging to see because we did not simply see an increase in the sales scale, such as sales volume. It was accompanied by qualitative growth such as profitability and diversification of sales.” — Big Hit Entertainment Representative