[non skz] JYP 1Q report + Bbl subscriptions increase & expansion plan
📰 NEWS | 230515
— JYP News (@thejypnews) May 15, 2023
JYP Entertainment has announced through 2Q23 IR Report that @Stray_Kids is preparing for major comebacks in 2nd Half including the new album ‘5 STAR’ in June. 🔥
🔗 https://t.co/1CC33cmIle#StrayKids #스트레이키즈 pic.twitter.com/LepxtW7n9b
Dear You, subscribers increased by 400,000 in the first quarter... Lower target price - raise
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Lee Nam-soo, a researcher at Kiwoom Securities, said, “Dear U’s sales in the first quarter were KRW 16.4 billion, up 40% year-on-year, and operating profit was KRW 5.7 billion, up 27% year-on-year, meeting market expectations. It recorded 2.05 million subscribers, the largest change in the number of subscribers on a quarterly basis."
"The number of subscribers to SM NCT , Espa, JYP 's Stray Kids, and Twice continued to increase," he said. "Starship Ive, Monsta X, and IST The Boyz also completed their launches in the first quarter, while Cube Girls and BTOB started a bubble last month. The aggressive expansion of major K-pop artists is almost in the final stages.” Researcher Lee said , “With the change of SM’s largest shareholder, we expect synergies between Kakao, SM and Dear You to strengthen.” there is.
He added, “The momentum for quantity (Q) expansion is expanding from domestic K-POP artists to overseas locales.” “The growth potential is very high in the second half of the year as SM and JYP artists continue their comebacks and world tours. The third quarter is the launch of Bubble Japan. Overseas targeting will begin in earnest. After that, we expect to push for additional expansion to the US and China.”