JYP Entertainment recorded strong performance in the fourth quarter of last year, exceeding market expectations. Fourth-quarter revenue reached 232.6 billion KRW, a 17% increase compared to the same period last year, and operating profit rose 14% to 41.9 billion KRW. This surpassed the market's expected operating profit of 35.2 billion KRW.

The comebacks of Stray Kids and NMIXX were major contributing factors. Album sales for these groups reached approximately 4.7 million copies, resulting in album revenue increasing by 54% to 82.8 billion KRW. Lee Ki-hoon, a researcher at Hana Securities, explained, "The Western fandom of Stray Kids is rapidly expanding through this world tour," adding, "The average selling price is significantly higher than in Korea, and the exchange rate effect is also positive."

Concert revenue also showed positive results. Approximately 700,000 attendees were recorded from TWICE's 14 Asian tour dates and Stray Kids's encore performance at Incheon Stadium, with additional revenue from Stray Kids's world tour profit distribution also reflected. Sales of merchandise (MD) grew 12% year-over-year, driven by various channels including concerts, fan meetings, and pop-ups in China.

Securities firms forecast continued positive performance for JYP Entertainment this year. Ongoing events such as TWICE's world tour, the upcoming album release and tour of Stray Kids in the second half of the year, the global pop-up of the SKZOO character in April, NMIXX's first world tour, and NiziU's announced Japan dome tour are expected to contribute to revenue growth.

Hana Securities projects JYP Entertainment's operating profit for this year to reach 176.9 billion KRW, a 14% increase compared to the same period last year. The target stock price is set at 95,000 KRW, while Eugene Investment & Securities maintains a target price of 97,000 KRW. Daol Investment, Kiwoom Securities, and NH Investment & Securities have set target prices at 100,000 KRW.

Hyunji Lee, a researcher at Eugene Investment & Securities, stated, "Fourth-quarter revenue was 232.6 billion KRW and operating profit was 41.9 billion KRW, exceeding market consensus," adding, "Sales of albums, concerts, and MD from key artists all expanded, recording the highest quarterly revenue ever."

The expansion of Stray Kids's Western fandom positively impacted sales. As European revenue increased, sales previously classified as digital music were reclassified as album sales, resulting in an effect of approximately 9 billion KRW. Concert revenue grew in scale with the addition of TWICE's large-scale world tour and excess profit settlement with Live Nation for Stray Kids.

The global fandom expansion also positively influences MD sales. Starting in April this year, Stray Kids will launch a global pop-up for the 'SKZOO' character, and TWICE plans to hold tour-linked pop-ups in over 20 major cities worldwide.

Hana Securities added, "Although the current stock price is somewhat sluggish, it is considered significantly undervalued, trading at a price-to-earnings ratio (P/E) of 17 times based on this year's forecast."

JYP Entertainment is accelerating its global growth and plans to sustain revenue growth through the expansion of MD and licensing. Collaborations with Live Nation in the U.S. will strengthen MD and licensing, while partnerships with CJ ENM and Tencent in China will continuously expand business in the Greater China region.

JYP Entertainment is expected to achieve record-high performance this year through the active activities of its artists, including Stray Kids, TWICE, and NMIXX.