[Edaily Reporter YUN GI BACK ] YG Entertainment Inc.(122870)announced on the 7th that it recorded consolidated revenue of 127.7 billion won and operating profit of 11.0 billion won for the second quarter of this year. Compared to the same period last year, revenue increased by 27.2% and operating profit rose by 31.2%. A view of the YG Entertainment headquarters. YG explained that the improved performance was driven by strong sales of merchandise (MD) tied to the release of new albums by BABYMONSTER and TREASURE, as well as growing demand for digital content. The company plans to sustain this growth momentum in the second half of the year as its artists’ activities ramp up in earnest. BIGBANG will kick off a world tour in August, comprising 33 shows across 19 cities, while BABYMONSTER is currently on its second world tour, expanding its reach from Seoul to Latin America, Oceania, and Europe. TREASURE is also set to continue its diverse activities. In addition, the company announced the debut of a new boy group this coming September. YG’s strategy is to strengthen its mid- to long-term growth momentum by securing new intellectual property (IP) alongside the global activities of its existing artists.
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