Spotify Shares Rose 15% to Lead Soaring Music Streaming Stocks This Week

  • 📰 billboard
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.

Spotify led a group of high-flying streaming stocks this week by gaining 14.8% to $157.54 per share, increasing its market capitalization by nearly $4 billion to $30.7 billion. The world’s largest streaming company, which boasted 220 million subscribers as of June 30, has clawed back nearly all its losses since its share price dropped 14% following its

Six music streaming stocks improved by an average of 6.7% this week. Led by SiriusXM’s 11.4% gain, three radio stocks had an average gain of 4.9%. Led by Sphere Entertainment Co.’s 7.9% gain, four live music stocks had an average gain of 1.7%. Eight recorded music and publishing stocks had an average gain of 0.5% and were led by HYBE’s 5.1% improvement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spotify cracks down on white noise podcasters that reportedly cost company $38M a year in profitAs of October 1, white noise podcasters will be ineligible to earn money through Spotify’s “Ambassador Ads” program.
Source: nypost - 🏆 91. / 67 Read more »