According to CNBC, Hybe shares rose 10% on Friday as investors assessed an upbeat third-quarter earnings outlook supported by global concerts, including BTS’ world tour. iM Securities projected revenue of 1.5 trillion won ($1.11 billion), up 106% from a year earlier, and operating profit of 172.2 billion won. It forecast concert revenue of 717 billion won, nearly triple the year-earlier level. BTS held 16 stadium shows in North America and eight in Europe during the quarter, while concerts by newer acts including Enhypen, Katseye and Cortis helped lift attendance to nearly 3 million. Concert, merchandise and licensing revenue were expected to reach record levels despite currency headwinds.