HYBE FY 2025 Annual ReportBeta
HYBE annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 20, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
HYBE FY 2025 Annual Report Analysis
Business Overview
- • Total revenue KRW 2,650B in FY2025, up 17.5% YoY; concerts surged to 28.8% of mix (KRW 764B, +69% YoY) as album/streaming share fell to 29.2% from 38.2%
- • MD & licensing KRW 571B (+36% YoY), now second-largest revenue segment, reflecting accelerated IP monetization strategy
Management Discussion & Analysis
- • HYBE FY2025 consolidated revenue KRW 2.65T, up 17% YoY — record high; operating profit KRW 49.3B, down 73% YoY; operating margin collapsed to 1.9% from 8.2%
- • OP decline driven by preemptive global IP portfolio investment, new artist debut costs, and one-time restructuring charges from North America business reorganization
Risk Factors
- • Ador (어도어) put option litigation: 1st court ruled against HYBE (Feb 2026); KRW 29.25B deposited as court escrow pending appeal — outcome determines put/call option validity on 20% minority stake
- • FX sensitivity (largest quantified risk): USD 10% move = ±KRW 79.3B after-tax impact; JPY 10% move = ±KRW 13.3B — both sharply higher vs prior year (USD was ±KRW 18.2B)
HYBE FY 2025 Key Financial MetricsDART
Total Assets
KRW 5.49T
▲ +0.1% YoY
Operating Cash Flow
KRW 107.5B
▼ -29.1% YoY
CapEx
KRW 31.4B
▼ -4.6% YoY
Source: KIFRS consolidated financial data from HYBE annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding