YG’s Q3 Operating Profit Plunges 56.8%: Can Its Younger Artists Lead a Comeback?
Revenue of 156.7 billion won and operating profit of 13.5 billion won; BABYMONSTER and TREASURE step up global activities
Profitability softens amid a high tour-driven base; company looks to its rookie pipeline for a way forward YG Entertainment, a KOSDAQ-listed company, reported on the 9th that its consolidated operating profit for the third quarter of this year was 13. 5 billion won, down 56. 8% from a year earlier.
