- HYBE’s operating profit for Q2 2024 was 50.9 billion won, down 37% year-over-year (y/y).
- This operating profit missed the estimate of 77.16 billion won.
- Sales for Q2 2024 reached 640.5 billion won, marking a 3.1% increase y/y.
- However, this sales figure was slightly below the estimate of 649.48 billion won.
- The net income for the period was 21.0 billion won, showing a sharp decline of 82% y/y.
- This net income figure also fell significantly short of the estimate of 70.24 billion won.
- Despite the lower-than-expected financial results, HYBE’s shares rose 4.7% to 0.18 million won.
- A total of 68,967 shares were traded.
- There were 23 buy recommendations, 3 hold recommendations, and no sell recommendations.
HYBE on Smartkarma
Analyst coverage on HYBE on Smartkarma shows a bearish sentiment from analysts like Douglas Kim. In one report, Douglas Kim discusses Netmarble’s plan to sell a 2.6% stake in HYBE through a Price Return Swap, expressing a negative outlook on HYBE. The analyst highlights Netmarble’s previous sale of 6% of HYBE shares and maintains a bearish stance on the company.
Another report by Douglas Kim sheds light on a power struggle between ADOR CEO Min Hee-Jin and HYBE, suggesting a potential separation between the two entities. The ongoing conflict between ADOR and HYBE is predicted to continue impacting HYBE’s share price negatively in the coming months, with uncertainties surrounding the future relationship between the companies.
A look at HYBE Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 2 | |
Growth | 4 | |
Resilience | 4 | |
Momentum | 2 | |
OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The long-term outlook for HYBE appears positive, with the company receiving a Smartkarma Smart Score of 4 for both Growth and Resilience. This indicates that HYBE is positioned well for future expansion and is capable of withstanding market challenges. With a focus on music production, album distribution, and entertainers management, HYBE’s diverse business lines contribute to its strong growth potential and ability to adapt to changing industry landscapes.
While HYBE has received moderate scores of 2 for both Value and Dividend, indicating room for improvement in these areas, its overall momentum score of 2 suggests that the company may face some short-term challenges. However, the strong emphasis on growth and resilience positions HYBE favorably for long-term success in the entertainment industry.
Summary: HYBE Co., Ltd. operates as an entertainment company, offering a range of services including music production, album distribution, entertainers management, planning, training, and television show production. With a focus on growth and resilience, HYBE is strategically positioned for long-term success in the dynamic entertainment sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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