SEOUL -- The South Korean entertainment company behind the K-pop sensation BTS grew its group operating profit 31% to 190 billion won ($159 million) last year as music and merchandise sales offset slow concert revenue.
Group sales for Seoul-based Hybe soared 58% to 1.25 trillion won. Music sales climbed 18% while revenue from endorsements expanded 120%. Revenue from the content business, which includes games and webtoons featuring BTS, ballooned 180%.
