HYBE Labels has officially announced its artists who will make their big comeback in 2023 at the HYBE Briefing 2022 with the community. From RM by BTS to LE SSERAFIM, the company will treat fans to a range of new music from their favorite K-pop artists.
HYBE representatives shared their thoughts on the agency’s vision for the future. In addition to music, the agency will also present innovations and collaborations in 2023.
At the meeting, CEO Park Jin Won announced all artists’ promotion plans for the remainder of 2022 and the first half of 2023. The company’s first Japanese group, &TEAM, will debut on December 7th.
BTS’ RM will also release his solo album after Jin released his solo single The Astronaut. For next year, TOMORROW x TOGETHER will release this fifth mini-album in January.
Elsewhere, NU’EST member Hwang Min Hyun will officially make his solo debut after Baekho. Pledis Entertainment artists Seventeen and fromis_9 will also release their new albums in the first half of 2023.
The company will then launch its rookie boy band. Also, BeLift Lab’s ENHYPEN will release their new album after the conclusion of their world tour which will last until the first half of 2023.
I-Land 2 will also debut at this time and is already busy with the preparations. Finally, Source Music’s LE SSERAFIM will also embark on their world tour next year.
Meanwhile, HYBE also announced revenue and operating profit for the third quarter of this year. The company recorded total revenues of KRW 445.5 billion or $313.5 million, of which 206.2 billion came from album sales, online/offline concerts and endorsements.
Its artists also released new albums from Seventeen, ENHYPEN, NewJeans and BTS’ J-Hope in the third quarter. The concert series, which took place online and offline, were from Seventeen and TOMORROW X TOGETHER.
In addition, KRW 239.3 of the total revenue came from sales of MD, distribution of licensed products and other content. On the other hand, total operating profit in the third quarter was KRW 60.6 billion or US$43 million, down 8 percent from the same quarter last year.
HYBE justified the decline in profits with investments in the production of a casting program for newcomers and offline concerts. Meanwhile, the label will debut a global girl group alongside a new Japanese group, and casting is currently taking place in the US.