[DiaryPoint = Reporter Choi Seung-jin] JYP Entertainment reported consolidated revenue of ₩267.5 billion and operating profit of ₩48 billion for the third quarter of 2026, the company said on the 11th. Revenue rose 15.0% from a year earlier, marking a record for any quarter, while operating profit increased 17.6%.
Operating profit came in 14.0% above the market consensus of ₩42.1 billion. Net income was ₩24.3 billion, down 10.6% from the same period a year earlier.
Stray Kids’ new release drives album sales in Western markets
Album revenue rose 18.2% year over year to ₩79.2 billion. JYP said sales in Western markets of Stray Kids’ mini-album THIS & THAT, released in August, expanded significantly from the group’s previous release.
Music streaming revenue increased 48.0% to ₩19.8 billion. The company attributed the gain to the growing artist fan base and a change in how YouTube revenue is classified.
Online fan-meeting items and tour pop-ups boost merchandise sales
Merchandise revenue climbed 46.7% year over year to ₩58.6 billion. It included online reservation packages for Stray Kids’ fan meetings in March and April, merchandise tied to tours in Korea and Japan, and tour pop-ups in Osaka and Nagoya.
In South America, sales of FANS SHOP light sticks rose ahead of the STRAYCITY festival. A pop-up for Stray Kids’ character brand, SKZOO, also opened in September. JYP said sales of evergreen items such as light sticks grew, while subsidiary Blue Garage posted its highest revenue on record.
Fewer concerts, but appearance and advertising revenue hit quarterly highs
Concert revenue fell 31.1% year over year to ₩43.6 billion. The 36 shows included five Stray Kids concerts in Korea and six in Japan, including performances at Tokyo’s National Stadium, as well as shows by DAY6, Young K, TWICE, 2PM, ITZY and NMIXX.
Appearance revenue surged 138.4% year over year to ₩26.4 billion, driven by Stray Kids’ South American STRAYCITY festival and its headlining appearance at Brazil’s Rock in Rio. Advertising revenue rose 25.0% to ₩16 billion, setting a quarterly record.
JYP’s earnings materials outlined plans for a 2027 Stray Kids stadium tour spanning 14 cities in North America and seven in Europe. The company expects to draw more than 40,000 fans per show and said it would add stadium dates in Japan. JYP also plans to continue opening pop-ups in tour cities and expand its merchandise business.