{"id":203000,"date":"2025-11-07T21:06:07","date_gmt":"2025-11-08T02:06:07","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2025\/11\/07\/live-nation-spotify-sm-entertainment-declines-highlight-rough-week-for-music-stocks-2\/"},"modified":"2025-11-07T21:06:07","modified_gmt":"2025-11-08T02:06:07","slug":"live-nation-spotify-sm-entertainment-declines-highlight-rough-week-for-music-stocks-2","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2025\/11\/07\/live-nation-spotify-sm-entertainment-declines-highlight-rough-week-for-music-stocks-2\/","title":{"rendered":"Live Nation, Spotify, SM Entertainment Declines Highlight Rough Week for Music\u00a0Stocks"},"content":{"rendered":"

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\n\tMusic stocks had their worst week in three months, as most companies that reported earnings this week were penalized for not offering more to investors. Spotify, Live Nation, SM Entertainment and Reservoir Media all finished the week ended Nov. 7 in the red \u2014 though live entertainment companies Sphere Entertainment and MSG Entertainment bucked the trend by posting sizable gains after putting out their quarterly earnings reports.\u00a0<\/p>\n

\n\tThe 19-company Billboard Global Music Index (BGMI) fell 5.0% to 2,703.11 as losers outnumbered winners 15 to 4. After soaring earlier in the year, the BGMI is now 13.3% below its all-time high of 3,117.20 (in the week ended June 30) and is now equal to its value in early May.\u00a0<\/p>\n

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\t\t\t\t\tLive Nation Hits Q3 Revenue Record as Concert Demand Surges, With No Signs of Slowing\u00a0Down\t\t<\/p>\n<\/h3><\/div>\n

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\t\t\t\t\tBillboard’s Live Music Summit Honors Khalid with VENU’s Disruptor Award\t\t<\/p>\n<\/h3><\/div>\n

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\n\tiHeartMedia was a notable exception to the carnage. The radio company\u2019s shares jumped 55.9% to $4.63 after a report at Bloomberg<\/em><\/a> said the company is in talks to license its podcasts to Netflix. Netflix is known to be seeking video podcast content<\/a> and has also reportedly approached SiriusXM<\/a> about distributing its podcasts. The week\u2019s high mark of $4.77, reached on Thursday (Nov. 6), was iHeartMedia\u2019s highest mark since March 17, 2023.\u00a0<\/p>\n

\n\tSphere Entertainment Co. rose 12.6% to $77.08 after the company\u2019s earnings report<\/a> on Tuesday (Nov. 4) showed an improvement in the Sphere segment\u2019s operating loss. Led by the popularity of The Wizard of Oz<\/em>, the number of film viewings, called The Sphere Experience, rose to 220 from 207 in the prior-year period.\u00a0Sphere\u2019s shares are now up 81.5% year to date.<\/p>\n

\n\tMSG Entertainment (MSGE) shares gained 5.3% to $46.51 following the company\u2019s earnings report on Thursday. MSGE\u2019s revenue jumped 14% to $158.3 million while its operating loss deepened to $29.7 million from $18.5 million a year earlier. J.P. Morgan raised its price target to $47 from $41, citing management\u2019s comments on pricing and higher expectations for the Christmas Spectacular at Radio City Music Hall.\u00a0<\/p>\n

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\t\t\t\t\t\tDaniel Ek, Co-Founder, CEO, Spotify, speaks onstage during the \"Now Playing\" Creator Day hosted by Spotify at its Los Angeles Campus on November 13, 2024 in Los Angeles, California.<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tSpotify Reports Double-Digit Growth in Subscribers and Quarterly\u00a0Revenue\t\t<\/p>\n<\/h3><\/div>\n

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\n\tCompanies such as Live Nation and Spotify reported solid results but suffered a large share price decline \u2014 part of a trend that extends well beyond music companies, Bernstein analysts wrote in an investor note on Thursday: \u201cWe\u2019ve seen a brutal theme emerge across the consumer [technology, media and telecommunications] sector: stocks that deliver perfectly in-line or modestly better than expected results are still getting sold.\u201d Growth is not good enough, they explained, and investors are \u201cshooting first and asking questions later\u201d when a company doesn\u2019t have a \u201cbulletproof guide\u201d for the next year or two.\u00a0<\/p>\n

\n\tLive Nation shares ended the week down 6.0% to $140.51 after the company reported third-quarter earnings<\/a> on Tuesday (Nov. 4). Despite showing continued revenue and adjusted operating income growth, Live Nation\u2019s share price fell 10% the following day, though the price recovered some losses in each of the next two trading days. Bernstein maintained its $185 price target and called the sell-off a buying opportunity, but numerous other analysts lowered their Live Nation price targets, including Oppenheimer (from $180 to $175), Evercore (from $180 to $168), Morgan Stanley (from $180 to $170), J.P. Morgan (from $180 to $172) and Roth Capital (from $180 to $176).\u00a0<\/p>\n

\n\tAlso releasing third-quarter earnings<\/a> on Tuesday was Spotify, whose stock fell 5.9% to $616.91 in the aftermath. The company reported 12% revenue growth, but the title of Bernstein\u2019s investor note on Tuesday perfectly captured Spotify\u2019s need to constantly impress investors: \u201cWhen you trade at 50x EPS, you\u2019d better make sure everybody\u2019s happy.\u201d Meanwhile, J.P. Morgan called the company\u2019s fourth-quarter outlook \u201cslightly mixed\u201d: The company\u2019s guidance on monthly average users and gross margin were \u201cabove expectations,\u201d it said, but guidance on subscribers, revenue and operating income were lighter than expected. Guggenheim lowered its price target to $800 from $850, noting that results met expectations but that \u201cquestions remain\u201d on Spotify\u2019s ability to improve margins through price increases.<\/p>\n

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\t\t\t\t\tSphere Entertainment Revenue Rises on \u2018The Wizard of Oz,\u2019 Backstreet Boys\u00a0Residency\t\t<\/p>\n<\/h3><\/div>\n

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\n\tElsewhere, Reservoir Media fell 3.0% to $7.37 following the release of its quarterly earnings on Tuesday, while Warner Music Group, which reports earnings on Nov. 20, fell 5.4% to $30.23. Universal Music Group, which reported earnings on Oct. 30, dropped 3.4% to 22.48 euros ($26.01).\u00a0<\/p>\n

\n\tK-pop company SM Entertainment fell 14.1% to 102,600 KRW ($70.47), having dropped 9.6% in the two days following the release of third-quarter results on Thursday. Other K-pop companies also experienced large declines as HYBE dropped 10.4%, JYP Entertainment dipped 11.0% and YG Entertainment sank 21.3%, likely because of a report that BLACKPINK<\/a>\u2019s next album has been delayed<\/a> until January 2026.\u00a0<\/p>\n

\n\tMost indexes had an off week. In the U.S., the Nasdaq composite fell 3.0% to 23,004.54, marking its worst week since April<\/a>. The S&P 500 dropped 1.6% to 6,728.80. The U.K.\u2019s FTSE 100 sank 0.4% to 9,682.57. South Korea\u2019s KOSPI composite index plummeted 3.7% to 3,953.76. China\u2019s Shanghai Composite Index rose 1.1% to 3,997.56.\u00a0<\/p>\n

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Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Music stocks had their worst week in three months, as most companies that reported earnings this week were penalized for not offering more to investors. Spotify, Live Nation, SM Entertainment and Reservoir Media all finished the week ended Nov. 7 in the red \u2014 though live entertainment companies Sphere Entertainment and MSG Entertainment bucked the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-203000","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/203000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=203000"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/203000\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=203000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=203000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=203000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}