YG Entertainment reports impressive Q1/2023 business results
Becoming one of the leading girl groups in South Korea and a global icon, BLACKPINK has not only captured the hearts of fans but also made a significant contribution to the business success of YG Entertainment. In a recent announcement, YG Entertainment revealed its Q1/2023 business results with impressive figures: KRW 157.5 billion in revenue and KRW 36.4 billion in profit, marking increases of 108% and 497% respectively compared to the same period last year. This demonstrates the strength and influence of BLACKPINK not only in the entertainment industry but also in the business market.
From late 2022 to early 2023, BLACKPINK actively embarked on their world tour. According to data from Touring Data, in their first 26 shows, the four YG girls generated a staggering profit of $78.5 million. As a result, BLACKPINK’s “Born Pink” tour surpassed the Spice Girls, officially becoming the highest-grossing tour of all time by a girl group.
BLACKPINK quickly rose to global stardom after their debut in 2016 with the songs “Whistle” and “Boombayah.” The girl group swiftly garnered attention from audiences worldwide with their stylish appearance, captivating music, and remarkable performance talent. Moreover, the musical style and personal image of members Jennie, Jisoo, Rosé, and Lisa have become a source of inspiration for many young individuals, creating a new fashion trend.
As BLACKPINK continues to dominate the global music scene and expand their reach into various industries, their power and influence are undeniable. The future looks bright for both BLACKPINK and YG Entertainment as they capitalize on the group’s immense popularity and transform it into long-term business success.
