News Formal

Spotify Shares Climb, UMG Shares Sink Following Q2 Earnings Reports

  • 📰 billboard
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Spotify's stock rose and Universal Music shares fell following the companies' Q2 earnings reports this week. Get your music stocks update here.

By raising prices and cutting costs, Spotify has transformed into the kind of profitable company investors always hoped it could become, and the streamer’s upbeatAfter Spotify announced it grew revenues by 20%, improved its gross margin and beat guidance on new subscriber additions, a slew of analysts raised their price targets, including Goldman Sachs , JP Morgan , Rosenblatt , Pivotal Research , Barclays , Cowen and B of A Securities .

UMG went public in Sept. 2021, giving investors an opportunity to capitalize on the largest music company during a time of streaming growth and industry expansion. Even optimistic investors will have to bear through short-term ups and downs, however. “If you think the longer term analysis holds then represents a significant buying opportunity,” J.P. Morgan analystwrote in an email to investors on Friday .

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 112. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: With US markets closed, Asian shares slip and European shares gainShares are mostly lower in Asia after strong gains in Europe, while U.S. markets were closed for the July 4th holiday. Japan's benchmark Nikkei 225 topped 41,000 early Friday, gaining 0.3% and adding to Thursday's record close. U.S. futures edged higher and oil prices fell. On Wednesday, the S&P 500 rose 0.
La source: AP - 🏆 728. / 51 Lire la suite »

Stock market today: With US markets closed, Asian shares slip and European shares gainShares are mostly lower in Asia after strong gains in Europe, while U.S. markets were closed for the July 4th holiday.
La source: ksatnews - 🏆 442. / 53 Lire la suite »

Stock market today: With US markets closed, Asian shares slip and European shares gainShares are mostly lower in Asia after strong gains in Europe, while U.S. markets were closed for the July 4th holiday.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

What You Should Know About UMG’s Q2 Earnings: Uneven Streaming Growth, Facebook Licensing & MoreA Universal Music Q2 earnings analysis highlights uneven streaming growth and more, including a lapsed licensing deal with Facebook for music videos.
La source: billboard - 🏆 112. / 63 Lire la suite »