Hey music lovers and young investors! The world of music stocks is buzzing with action, and we’ve got the deets you need to stay in the loop. 🎶📈
TME Drama! 🎭
Tencent Music Entertainment (TME) saw its stock slip by 11% to $18.93 despite an impressive 27.2% growth in online music streams and a 17.2% boost in music subscriptions. Why the sudden drop? Concerns are brewing that offline revenue like concert merch is growing faster but earning less, according to CFO Shirley Hu. 📉💿
Spotify's Sweet Comeback! 🎧
Meanwhile, Spotify defied the odds and climbed 3.1% to $635.81, showing some bounce from last week's dip. With the launch of a new Premium Platinum plan, Spotify is turning heads in places like India and South Africa. 🚀🌍
Rise and Fall! 📉📈
Looking at the big picture for 2025, TME is up by 66.2% but has slipped 25.9% recently, while Spotify is 58.8% up this year but still $150 short of its record high. 📊 Both these music giants are dealing with some roller-coaster vibes!
Billboard Global Music Index Update! 📰
The Billboard Global Music Index is on a bit of a losing streak, down 0.1% to 2,700.25, marking its eighth consecutive week without gains. Only three out of the nineteen companies on the index celebrated a positive close! 🗞️
StubHub’s Rough Ride! 🎟️
StubHub stumbled down 23.5% to $14.87 after its first post-IPO earnings report. Revenue climbed 8%, but investors didn’t get the fourth-quarter forecast they craved. 📉
Other Movers and Shakers! 🎤💿
Warner Music Group saw a tiny bump, up 0.4% to $30.36, while HYBE had a rocky week, dropping 2.6% but bouncing back with news about the girl group NewJeans staying put. Universal Music Group also dipped slightly, down 0.8%. 🎶
Radio Waves! 📻
In radio land, Cumulus Media took a dive down by 28.8%, with iHeartMedia slipping too. It’s a tough rhythm on the airwaves this week! 📡
That's the scoop, folks! Stay tuned as the music market continues to find its beat. Invest smart and keep your playlists rocking! 🎸💰