Hybe Stock Drops After BTS Return Concert Draws Smaller Crowd Than Expected
Hybe, the company managing BTS, saw its stock decline by 15.5% following the group's first concert since 2022, which attracted approximately 100,000 attendees in Seoul's Gwanghwamun Square instead of the anticipated 250,000. The free event marked BTS's return after a three-year hiatus during which members completed mandatory military service. Despite the lower turnout, BTS's new album sold nearly 4 million copies on its first day, and their world tour has sold out 82 dates. The concert was streamed globally on Netflix. The K-pop landscape has evolved during BTS's absence, with groups like Blackpink gaining prominence.
Key facts
- Hybe's stock fell 15.5% after BTS's first post-hiatus concert
- The free concert in Seoul drew about 100,000 people, fewer than the expected 250,000
- BTS returned after a three-year break for mandatory military service
- Their new album sold 3.98 million copies on its first day of release
- The concert was streamed live on Netflix in over 190 countries
Entities
Artists
Institutions
- Hybe
- Big Hit Music
- Netflix
- Sony Pictures Animation
Locations
- Seoul
- South Korea
- Gwanghwamun Square