JYP Entertainment surges in early trading on earnings surprise [Stock Now]

[Financial News] JYP Entertainment (JYP Ent.) is surging in early trading on a third-quarter earnings surprise.
As of 9:40 a.m. on the 12th, JYP Entertainment was trading at 45,100 won, up 6,400 won (16.54%) from the previous day on the KOSDAQ market.
JYP Entertainment’s consolidated third-quarter revenue came to 267.5 billion won, up 15% from the same period a year earlier, while operating profit rose 18% to 48 billion won, significantly exceeding market expectations.
Album sales by boy band Stray Kids in Western markets and revenue from its festival appearances in South America are seen as having driven the strong results.
Eugene Investment & Securities raised its target price for JYP Entertainment from 50,000 won to 55,000 won, while Hana Securities raised its target from 49,000 won to 55,000 won.
Lee Ki-hoon, an analyst at Hana Securities, said, “Stray Kids’ world tour will be expanded beyond its previous scale, with additional dates in Japan, North America and Europe, bringing the total to 46 shows and around 2.2 million people,” and forecast, “Operating profit in 2027 will rebound again to around 150 billion won for the year.”

[email protected] Joo Won-gyu Reporter