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

المملكة العربية السعودية أخبار أخبار

SM Entertainment’s Strong Earnings Place It Atop Music Stocks In Down Week Overall
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

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.

 

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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