RBW

알비더블유 · 361570

Communication Services Media · KOSDAQ

Small-cap

Market cap US$35.6M (₩49.2B)

Overview

RBW is a South Korean K-pop entertainment company that discovers, trains, and manages pop artists, then earns revenue by distributing their music, staging concerts, booking them for broadcasts and advertisements, and supplying merchandise to fans.

Its content and services reach audiences through streaming platforms, television, live events, and online shops. Listed on KOSDAQ, Korea's tech and small-cap board, the company draws its largest single revenue stream from music and copyright rights, while management fees, concert ticket sales, production services, and merchandise each contribute additional income.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$33.7M

▼ −25.7% YoY

Operating profit · FY2025

US$122.6K

Turned profitable

Net income · FY2025

−US$2.8M

Loss narrowed

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$66.3M(₩91.4B)	US$45.3M(₩62.5B)	US$33.7M(₩46.5B)
Operating profit	−US$1.6M(−₩2.2B)	−US$8.8M(−₩12.2B)	US$122.6K(₩169.2M)
Net income	−US$4M(−₩5.5B)	−US$8.3M(−₩11.5B)	−US$2.8M(−₩3.8B)

Revenue

FY2023US$66.3M
FY2024US$45.3M
FY2025US$33.7M

Operating profit

FY2023−US$1.6M
FY2024−US$8.8M
FY2025US$122.6K

Net income

FY2023−US$4M
FY2024−US$8.3M
FY2025−US$2.8M

Key ratios (FY2025)

ROE

-5.7%

Debt/Eq

168.9%

Op. margin

0.4%

Net margin

-8.2%

Rev. YoY

▼ −25.7%

Why it matters

RBW has structurally internalized its music production and video-making capabilities in-house, rather than relying on external producers, which it cites as a key competitive differentiator.

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