[Click eStock] "JYP Ent., Clear Q4 Earnings... Investment Rating '↑'"

Hyundai Motor Securities analyzed on the 14th that JYP Ent.'s third-quarter earnings met market expectations and that growth will continue in the fourth quarter with Stray Kids' comeback. The investment rating was upgraded to 'Buy,' and the target price was maintained at 120,000 KRW.

JYP Ent. recorded sales of 139.7 billion KRW and operating profit of 43.8 billion KRW in the third quarter, representing increases of 46.8% and 59.3% respectively compared to the same period last year. Hyunyong Kim, a researcher at Hyundai Motor Securities, said, "The strong sales growth was driven by other management, which includes goods and digital content, as well as albums, music, and concerts," adding, "The operating profit margin improved by 2.5 percentage points year-on-year to 31.4%, due to the increased proportion of relatively profitable other management and concerts."

Hyundai Motor Securities expects JYP Ent. to record sales of 135.3 billion KRW and operating profit of 39.7 billion KRW in the fourth quarter, representing increases of 17.4% and 54.6% respectively compared to the same period last year. He analyzed, "In terms of albums, 5.7 million copies are expected due to Stray Kids' comeback in November, and the two major artists will continue performances until the end of the year, with an expected audience of 480,000, anticipating explosive growth."

He emphasized, "The key investment point for JYP Ent. is that VCHA's official debut in the U.S. is imminent, and revenue generation from the localized U.S. girl group will begin in earnest next year," adding, "The market is expected to outperform due to Stray Kids' comeback and tour in the fourth quarter."

This content was produced with the assistance of AI translation services.