BTS world tour powers HYBE to record $1.14 billion quarter

HYBE posted Q3 2026 revenue of about $1.14 billion, up 110% year over year, along with a record operating profit of roughly $140 million. Concerts drove the surge, nearly tripling to about $541 million on BTS dates across Europe and North America, while merch and licensing hit a record $249 million. The lesson for any act: live shows and merch, not streams alone, are where the biggest checks are being written right now.