News Formal

SM Entertainment’s Strong Earnings Place It Atop Music Stocks In Down Week Overall

  • 📰 billboard
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

With 15 of its 21 stocks in negative territory, the Billboard Global Music Index dropped 1.9%.

, 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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 112. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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 …
출처: Variety - 🏆 108. / 63 더 많은 것을 읽으십시오 »

3 Takeaways About Music Streaming From Recent Earnings ReportsSubscriptions remain strong, and “music is highly undervalued,” according to Deezer CEO Jeronimo Folgueira.
출처: billboard - 🏆 112. / 63 더 많은 것을 읽으십시오 »

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.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

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...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

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.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »