JYP Entertainment posts strong results, driven by Stray Kids' Western market success

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Driven by the major tour and strong box office performance in Western markets of JYP Entertainment's group Stray Kids, the company is expected to post earnings growth that exceeds market forecasts.

Researcher Lee Hyeon-jae at Eugene Investment & Securities stated in a report on the 12th, "We maintain our BUY recommendation for JYP Entertainment and raise the target price from the previous 50,000 won to 55,000 won."

The researcher observed, "Stray Kids' large-scale stadium tour is scheduled in Japan, North America, and Europe starting next year's second quarter," adding, "With a total of 46 shows, an expanded scale compared to the previous tour, we expect robust growth in both revenue and profitability."

The researcher also analyzed that performance revenue reached its highest quarterly record, fueled by Stray Kids' South American self-produced festival and headline appearances at overseas music festivals.

Additionally, mentioning the four-member rookie boy group oftheblue, scheduled to debut on January 11 next year, the researcher forecasted, "All four major entertainment companies are set to debut new boy groups in the first half of next year. If the performance of rookie artists is proven by numbers, expectations can be translated into growth."

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*This content was translated by AI.View Original