JYP Entertainment 2026 Record Earnings: TWICE & Stray Kids Lead the Way

Eugene Investment & Securities expects JYP Entertainment to hit record annual earnings in 2026. The catalyst is clear: TWICE’s THIS IS FOR World Tour dominates the first half, and Stray Kids takes over in the second. The firm held its Buy rating and kept its target price at 97,000 won. JYP’s most recent closing price was 62,600 won.

JYP Just Had Its Best Quarter Ever

JYP Entertainment closed Q4 2025 with revenue of 232.6 billion won up 16.8% year-on-year. Operating profit rose 13.6% to 41.9 billion won. Both figures are all-time quarterly records for the company.

Concert income drove a significant share of that growth. TWICE’s world tour contributed directly to the top line, alongside a Live Nation excess-profit settlement tied to Stray Kids’ touring activity.

TWICE: 46 of 52 Dates in Western Markets

Of TWICE’s 52 first-half 2026 tour dates, 46 are in North America and Europe. That concentration in high-yield Western markets is the core of Eugene Securities analyst Lee Hyun-ji’s bullish case.

Every show runs on a full 360-degree open stage filling every sightline in the building and maximising paid capacity per night. At arenas averaging 18,000–20,000 seats, that adds meaningful revenue across 46 dates.

Early Pollstar data backs the thesis. The first 24 reported THIS IS FOR shows sold 671,888 tickets and grossed $93.8 million an average of $3.9 million per show. That places TWICE among the highest-grossing touring acts globally in 2026.

The Live Nation Deal Goes Beyond Tickets

JYP Entertainment plans to deepen its U.S. collaboration with Live Nation in 2026 focused on merchandise and licensing, not just show promotion. This is not a passive arrangement. It is a structured revenue channel tied directly to the touring cycle.

Lee’s note describes the mechanism as a “virtuous cycle.” A fan who attends a TWICE show at UBS Arena or TD Garden in Boston becomes a longer-term consumer buying albums, streaming more, following future releases. Every new Western city TWICE enters plants that seed.

This tour introduces first-ever K-pop arena shows in Detroit, St. Paul, Denver, Boston, and Montreal. Each debut market is a new fandom node that feeds back into JYP’s revenue base well after the shows end.

Album Revenue Got a Boost Too

It was not just concerts driving Q4 results. Stray Kids’ second-half 2025 album releases outperformed expectations, with Western sales pushing both volume and average selling price above Korean domestic norms.

The favourable exchange rate added to that effect. Lee noted that Western markets carry a higher ASP than Korea meaning each unit sold in the U.S. or Europe generates more revenue per copy.

JYP expects the same dynamic to apply to TWICE in 2026. As the Western fandom grows through touring, album and merchandise revenue follows quarter after quarter, not just on show nights.

ITZY and NMIXX Add to the Story

The growth narrative extends beyond TWICE and Stray Kids. Lee’s note flags ITZY and NMIXX as additional upside contributors, as both groups expand their Western touring footprints in 2026.

More JYP artists touring Western markets means a broader global fandom base across the whole label which compounds the merchandise, licensing, and album revenue effects that the analyst identifies as the engine behind the forecast.

China: The Parallel Growth Track

While Western concerts drive near-term numbers, JYP is also building in Greater China. The company is expanding its China business through partnerships with CJ ENM and Tencent focusing on distribution and licensing infrastructure rather than waiting for touring demand to develop on its own.

This dual approach Western touring revenue now, China partnership revenue building over the medium term gives JYP two independent growth vectors running simultaneously in 2026.

Stray Kids Carries the Second Half

TWICE anchors the first half of the year. Stray Kids take over after that. Lee describes the expansion of Stray Kids’ Western fandom as already “visible in the numbers” a signal that the group has crossed from emerging to established in Western markets.

A major Western stadium or arena run by Stray Kids in the second half of 2026 is expected to replicate the TWICE flywheel. Both cycles landing in the same calendar year is what makes record full-year earnings a real target not just an optimistic one.

Remaining THIS IS FOR Tour Dates

For setlist breakdowns and city-by-city coverage, visit the TWICE live hub updated after every show.

FAQ

Why does Eugene Securities expect JYP to post record earnings in 2026?

TWICE’s THIS IS FOR World Tour drives the first half. Stray Kids’ Western run drives the second. Both cycles generate concert, merchandise, album, and licensing revenue well above prior-year levels.

What were JYP’s Q4 2025 results?

Revenue hit 232.6 billion won (+16.8% YoY) and operating profit reached 41.9 billion won (+13.6% YoY) both all-time quarterly records for JYP Entertainment.

How Western is TWICE’s 2026 tour schedule?

46 of TWICE’s 52 first-half 2026 dates are in North America and Europe, per analyst Lee Hyun-ji at Eugene Investment & Securities.

What is JYP’s target price from Eugene Securities?

Buy rating, 97,000 won target. The stock’s previous session close was 62,600 won implying roughly 55% upside to target.