December 8, 2022

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JYP Leisure stories gross sales and working income for the third quarter of 2022 + artists’ plans for 2023

JYP Leisure stories gross sales and working income for the third quarter of 2022 + artists’ plans for 2023

JYP Leisure has reported its gross sales and working income for the third quarter of 2022.

Based on the corporate’s quarterly report printed on November 14, JYP Leisure recorded a complete gross sales quantity of 95.1 billion KRW (~ $72 million USD) for the third quarter of 2022, a 66% enhance from the identical quarter in 2021. The company reported a complete working revenue of 27.5 billion KRW (~ $21 million USD), a 51% enhance from the identical quarter in 2021. 

In dwell live performance excursions, NiziU’s area tour and Stray Youngsters’s Japanese tour considerably contributed to working income, whereas in album gross sales, the corporate earned excessive gross sales and income from TWICE, ITZY, and NMIXX’s comebacks, in addition to funds from Republic Data for company artists’ abroad promotions.

Moreover, funding analysts predicted that JYP Leisure will doubtless yield the corporate’s biggest ever efficiency within the fourth quarter of 2022, with earnings from Stray Youngsters and ITZY’s abroad excursions. 

Lastly, JYP Leisure’s report described its artists’ plans for the fourth quarter of 2022, in addition to in 2023. First, Stray Youngsters will probably be releasing a brand new album within the fourth quarter of 2022, adopted by the addition of 20 new tour stops all through This autumn in addition to within the first half of 2023. Lady group ITZY will probably be releasing a brand new album in This autumn, adopted by an area tour in Japan in Q1 of 2023. TWICE may even launch a brand new album within the first half of 2023, shortly earlier than the debut of the group’s first official Japanese unit.

Lastly, JYP Leisure is predicted to debut 4 new rookie groups in 2023.