YG’s new girl group Baby Monster announces debut in the second half of the year, YG’s stock price soars | KpopWriter

Whereas YG Leisure’s inventory worth is hovering, the principle issue is the looks of latest lady teams.

As of 9:20 am on Might 12, YG Leisure (122870) is buying and selling at KRW 74,200, up 11.24% from the earlier buying and selling day.

YG

The day past, YG Leisure introduced that its working revenue on a consolidated foundation within the first quarter of this yr was 36.5 billion received, a rise of 497.6% in comparison with the identical interval final yr. This determine far exceeds the market consensus of working revenue of 16.3 billion received.

Gross sales elevated by 108.6% year-on-year to KRW 157.5 billion. Internet revenue for the yr elevated by 437.5% to KRW 31.3 billion.

Jeong Ji-soo, a researcher at Meritz Securities, mentioned, “The deferred sponsorship was mirrored within the first quarter of 2023, addressing market considerations about profitability. BLACKPINK Jisoo’s first single album in March elevated by 56.5% in comparison with the earlier yr because of sturdy gross sales of albums and DVDs“. The researcher explains that income have elevated considerably because of schedules reminiscent of Blackpink and Treasure World Tour.

baby monster

As well as, the rookie lady group BABYMONSTER additionally confirmed its closing debut with a 7-member system, elevating the expectations of traders.

Researcher Jeong mentioned,YG Leisure confirmed the debut of seven BABYMONSTER members by its official YouTube channel at 0:00 on Might 12. Even earlier than the debut, the variety of concurrent customers was excessive sufficient to succeed in about 500,000. [BABYMONSTER] I feel we’ll make our official debut on the finish of the third quarter or the start of the 4th quarter.“.

Supply: Digital Instances

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