0247 GMT - HYBE's earnings are likely to rebound next year when its boy band BTS releases a new album in March, says Nomura's Angela Hong and Won Kang in a note. The South Korean entertainment company reported its first quarterly operating loss since listing, largely due to one-off costs from North America restructuring and upfront investments in new artist intellectual properties. Nonetheless, the analysts expect BTS's first full-group comeback in nearly four years to drive monetization across recorded music, concerts and merchandise. "We recommend investors to accumulate the stock ahead of official promotions and tour announcements, which should serve as key upside catalysts," they add. Nomura cuts its target price to KRW354,000 from KRW370,000 but retains its buy rating. Shares are down 4.6% at KRW291,500. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 10, 2025 21:48 ET (02:48 GMT)
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