, gain 7.6% to 137,700 won this week. That made it the top performer of the 21 stocks in the Billboard Global Music Index this week.
The index fell 1.9% to 1,360.05 in a week in which stocks were broadly down around the world. In the United States, the S&P 500 and Nasdaq composite fell 2.3% and 2.8%, respectively, marking their . The FTSE 100 in the United Kingdom declined 1.7%. South Korea’s KOSPI composite index declined 0.2%.The return of the concert business helped SM Entertainment revenues grow 30% to 239.8 billion won , beating the 20.3% year-over-year improvement in the first quarter of 2023. SM artists had 60 concerts in the second quarter compared to six in the prior-year period. Merchandise revenue jumped 75% from sales increases from pop-up retail stores related to album releases.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Q2 Earnings: Revenue Rises 11% as CEO Touts ‘Strong Demand’ for AdvertisingAmazon sales hit $134.4 billion, up 11%, for the second quarter of 2023, as the ecommerce giant topped Wall Street estimates in a big earnings beat. The company reported income of $6.7 billion for …
Source: Variety - 🏆 108. / 63 Read more »
3 Takeaways About Music Streaming From Recent Earnings ReportsSubscriptions remain strong, and “music is highly undervalued,” according to Deezer CEO Jeronimo Folgueira.
Source: billboard - 🏆 112. / 63 Read more »
PayPal's stock falls as earnings beat, but a margin metric missesCEO Dan Schulman said PayPal was seeing encouraging spending trends throughout the business and in the industry, as e-commerce growth picks up.
Source: MarketWatch - 🏆 3. / 97 Read more »
Warner Bros. Discovery stock gains after earnings as free cash flow positively surprisesWarner Bros. Discovery topped free cash flow expectations in its latest quarter and grew per-user revenue in streaming on a sequential basis. Its shares were...
Source: MarketWatch - 🏆 3. / 97 Read more »
Cloudflare earnings, outlook tops Street estimates; stock rallies more than 5%Cloudflare shares rallied late Thursday, after the cybersecurity company's earnings and outlook topped Wall Street expectations.
Source: MarketWatch - 🏆 3. / 97 Read more »