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Spotify Shares Climb, UMG Shares Sink Following Q2 Earnings Reports

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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 .

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

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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.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

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.
แหล่ง: ksatnews - 🏆 442. / 53 อ่านเพิ่มเติม »

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.
แหล่ง: wjxt4 - 🏆 246. / 63 อ่านเพิ่มเติม »

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.
แหล่ง: billboard - 🏆 112. / 63 อ่านเพิ่มเติม »