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BTS Jungkook's Solo Success Boosts HYBE's Profit Despite Target Stock Price Cut

BTS Jungkook's solo success boosts HYBE's profit by 86% in Q4 2023, despite target stock price reduction, highlighting his global influence.

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By minal
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BTS Jungkook's Solo Success Boosts HYBE's Profit Despite Target Stock Price Cut

BTS Jungkook's Solo Success Boosts HYBE's Profit Despite Target Stock Price Cut

Big Data News recognises BTS Jungkook's pivotal role in HYBE's soaring operational profit, which surged by 86% in Q4 2023. However, KB Securities' reduction of HYBE's target stock price to 300,000 won signals concerns over profit projections due to the artist's absence-driven strategy shift.

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Researcher Lee Seon-hwa highlights HYBE's record-breaking operational profit of KRW 94.9 billion, attributing it to sustained initial sales growth despite fears of album sales plateauing.

Jungkook's solo debut album "GOLDEN" dominated iTunes and Billboard charts upon release, with over 2 million copies sold on Hanteo in its first day. His track "Seven (feat. Latto)" amassed 1.3 billion Spotify streams, while his global concert tour further bolstered HYBE's profits.

Fans on X commend Jungkook's global influence, expressing hopes for his recognition through bonuses, showcasing the artist's enduring impact on HYBE's success.

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