JYP Entertainment reported better-than-expected fourth-quarter earnings driven by Stray Kids' strong performance in Western markets, according to Hana Securities analyst Lee Ki-hoon on March 11. Fourth-quarter sales reached 232.6 billion won, up 17% year-on-year, with operating profit increasing 14% to 41.9 billion won, exceeding market consensus of 35.2 billion won. Album sales of approximately 4.7 million copies generated 82.8 billion won in revenue, supported by comebacks from Stray Kids and NMIXX. The expansion of Stray Kids' global fan base throughout their world tour, particularly in Europe and other Western regions, significantly contributed to strong concert and merchandise sales. Looking ahead to 2025, analysts expect continued growth driven by TWICE's ongoing world tour, Stray Kids' second-half album release and tour, NMIXX's inaugural world tour, and expanded merchandise and licensing through partnership with Live Nation in the United States. Hana Securities forecasts record operating profit of 176.9 billion won for 2025, representing 14% growth from the previous year, while maintaining a buy rating with target prices set between 95,000 and 100,000 won.