JYP Entertainment Posts Record Q3 Revenue of 267.5 Billion Won as Stray Kids Drive a 17.6% Profit Rise
JYP Entertainment reported its highest-ever quarterly revenue of 267.5 billion won for the third quarter, with operating profit up 17.6% from a year earlier to 48.0 billion won, led by Stray Kids' album and merchandise sales.
JYP Entertainment just had the best-selling quarter in its history. In its Q3 2026 earnings note published Nov. 11 KST, the agency reported revenue of 267.5 billion won, up 15.0% from a year earlier, and operating profit of 48.0 billion won, up 17.6%. Net profit dropped 10.6% to 24.3 billion won, which JYP put down to currency effects from a stronger Korean won.
Stray Kids were the main engine. Album revenue grew 18.2% to 79.2 billion won on global sales of their mini album 'THIS & THAT', with sales in Western markets up sharply from their previous release. MD revenue climbed 46.7% to 58.6 billion won, helped by tour merchandise, SKZOO character goods and lightstick sales in Latin America ahead of the group's 'STRAYCITY' festival, which JYP said drew a total of 270,000 people across five shows.
Concert revenue fell 31.1% to 43.6 billion won because there were fewer shows than in last year's quarter, which included Stray Kids' large Western tour. Appearance fees reached a record 26.4 billion won, reflecting Stray Kids' headlining sets at 'STRAYCITY' and Rock in Rio, and advertising revenue also set a record at 16.0 billion won.
Yonhap reports the operating profit came in 19.2% above the market forecast of 40.2 billion won. Investors reacted the next morning: The Korea Economic Daily reports JYP shares were up 17.96% at 45,650 won shortly after the market opened on Nov. 12 KST.
Looking ahead, JYP said Stray Kids' 2027 stadium tour will visit 14 cities in North America in the second quarter and seven in Europe in the third, plus Nissan Stadium and Nagai Stadium in Japan. Its new four-member boy group oftheblue, under the SQU4D label, will officially debut on Jan. 11, 2027.
Confirmed
- JYP Entertainment said on Nov. 11 KST that third-quarter 2026 revenue reached a record 267.5 billion won, up 15.0% year over year, and operating profit rose 17.6% to 48.0 billion won.
- Net profit fell 10.6% to 24.3 billion won, which the company attributed to foreign exchange effects from the appreciation of the Korean won.
- Physical album revenue rose 18.2% to 79.2 billion won, driven by Stray Kids' mini album 'THIS & THAT', while MD revenue jumped 46.7% to 58.6 billion won.
- Concert revenue fell 31.1% to 43.6 billion won on fewer shows, while appearance revenue hit a record 26.4 billion won (up 138.4%) and advertising a record 16.0 billion won (up 25.0%).
- JYP said Stray Kids' 2027 stadium tour will cover 14 North American cities in Q2 and 7 European cities in Q3, and that new boy group oftheblue will officially debut on Jan. 11, 2027.
Reported by other outlets
- Yonhap reports the operating profit beat the market forecast of 40.2 billion won compiled by Yonhap Infomax by 19.2%.
- The Korea Economic Daily reports JYP shares were up 17.96% at 45,650 won as of 9:11 a.m. KST on Nov. 12, and that Eugene Investment & Securities raised its target price from 50,000 won to 55,000 won.
Analysis
2FC NEWSROOM analysis: With YG's profit falling and JYP's rising in the same earnings season, the numbers show how much a single act at Stray Kids' scale can carry a K-pop agency's results.