Business · Markets · 17 mins ago
JYP Entertainment shares surge after third-quarter earnings beat forecasts
JYP Entertainment shares surged after the South Korean music company reported stronger-than-expected third-quarter results.
It was trading at 46,400 won, according to the report.
Revenue reached 267.5 billion won and operating profit 48 billion won, both above market forecasts.
The company’s results were helped by Stray Kids’ new release and overseas concerts.
Stray Kids is one of JYP Entertainment’s acts, and its releases and tours can affect the company’s earnings.
Major securities firms raised their price targets for JYP Entertainment after the results.
The share-price jump reflects investor optimism, while the company’s future performance will depend in part on its music releases and concert activity.
JYP Entertainment shares rose sharply on November 12 after the company reported third-quarter operating profit above market expectations.
The company reported operating profit of 48 billion won, up 17.6% from a year earlier.
The result was 19.2% above the 40.2 billion won market forecast cited by Yonhap.
The articles attributed the strong performance to Stray Kids’ new release and overseas concerts.
At 9:18 a.m., Yonhap reported the shares up 20.09% at 46,475 won, while Maeil Business reported a price of 46,400 won and a rise in the 19% range.
- Who
- JYP Entertainment.
- What
- Its shares surged after third-quarter operating profit exceeded market expectations.
- When
- November 12, 2026. The company disclosed its preliminary results the previous day.
- Where
- South Korea.
- Why
- The company’s third-quarter results were stronger than forecast, with Stray Kids’ new release and overseas concerts cited as contributing factors.
This story does not have two clearly opposing sides.
JYP Entertainment disclosed preliminary third-quarter consolidated operating profit of 48 billion won.
Yonhap reported JYP Entertainment shares up 20.09% at 46,475 won.
- Third-quarter operating profit
- 48 billion won
- Year-on-year operating profit change
- Up 17.6%
- Market forecast
- 40.2 billion won
- Yonhap share price at 9:18 a.m. on November 12
- 46,475 won, up 20.09%
- Maeil Business reported share price
- 46,400 won, up in the 19% range
What people are saying
Sales of Stray Kids’ new album in Western markets expanded significantly compared with the previous album, recording the group’s highest-ever album sales and driving revenue growth
Additional sales volumes of Stray Kids’ new album in the United States and Europe are expected to be reflected in the fourth quarter
Stray Kids’ world tour is expanding to a larger scale than the previous tour, with additional dates in Japan, North America and Europe, for a total of 46 shows and about 2.2 million attendees
Operating profit in 2027 is expected to rebound again to around 150 billion won for the year