HYBE Second Quarter 2024 Earnings: EPS Misses Expectations

HYBE (KRX:352820) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩640.5b (up 3.1% from 2Q 2023).
• Net income: ₩14.6b (down 88% from 2Q 2023).
• Profit margin: 2.3% (down from 19% in 2Q 2023).
• EPS: ₩350 (down from ₩2,818 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HYBE EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 79%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in South Korea.

Performance of the South Korean Entertainment industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for HYBE you should be aware of.

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