BiiN Entertainment Revenue Hits Record High for Third Consecutive Year; Strong Performance Expected in Second Half

BiiN Entertainment has once again set a new revenue record, marking the third consecutive year of growth. The company announced its 2023 financial results, revealing a total revenue of NT$4.37 billion, a significant 38.7% increase from the previous year. This impressive financial performance also saw a net profit of approximately NT$511 million, translating to an earnings per share (EPS) of NT$9.13. Shareholders will receive a cash dividend of NT$5 per share.

CEO Joe Chou highlighted the company's robust performance and optimistic outlook for the second half of the year. BiiN Entertainment is set to participate in several major events, including seven shows of Mayday's "#5525+2 Back to That Day" 25th-anniversary tour and the "LIVE TOUR-SYNK : COMPLæXITY-in TAIPEI" concert by South Korean girl group aespa. The company is also expanding its business through diverse ventures, proprietary intellectual property, and international collaborations, aiming for sustainable growth.

The thriving entertainment market, particularly the surge in demand for large-scale concerts and events following the opening of the Taipei Dome for music performances, has been a key driver for BiiN's success. The increased need for stage, lighting, sound, and integrated technical services has directly contributed to the company's revenue growth. BiiN has already been involved in numerous concerts in the first half of the year, featuring artists like i-dle, G.E.M., ONE OK ROCK, and Stefanie Sun, and anticipates further contributions from upcoming award ceremonies and festivals.

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We will continue to participate in seven shows of Mayday's "#5525+2 Back to That Day" 25th-anniversary tour and the "LIVE TOUR-SYNK : COMPLæXITY-in TAIPEI" concert by South Korean girl group aespa, with other performance opportunities continuously increasing.