MUSIC’s actions – and stocks in general – have known a great week while Sphere Entertainment Co., Tencent Music Entertainment and Cloud Music published two -digit gains and the Billboard Global Music (BGMI) of 20 companies (BGMI) has established a new high brand.
The BGMI increased by 3.1% for a summit of 2,794.37, which brings its gain for the start of the year to 31.5%. The index overcome two slowdowns – one caused by an escalation of trade tensions, the other caused by the announcement by President Trump of his pricing policy – to exceed the previous record of 2,755.53 established on February 14.
Sphere Entertainment Co. won 19.3% to $ 38.78. Society quarterly incomePublished Monday, May 12, showed that the place of the sphere was able to reduce costs to compensate for a drop in income related to the event. Investors have applauded the result: a flat operating result rather than a loss. As for tourism in Las Vegas, CEO James Dolan Discarded the concerns and said that the request for sphere concerts is strong enough to withstand a slowdown if you occur.
Tencent Music Entertainment (TME) in China jumped 18.0% to $ 18.62 after the company reported on Tuesday, May 13 17% increase in musical subscription income in the first quarter. After income, CFRA has increased its price goal At $ 18 of $ 17, but downgraded his note to “Hold” to “buy”. TME, which operates Kugou Music, Qq Music and Kuwo Music, finished the quarter with 122.9 million subscribers, up 8.3% compared to the period of the previous year.
Another broadcast of Chinese music, Netease Cloud Music, increased 12.6% to 203.40 HKD ($ 26.03) after the company’s financial results, published Thursday, May 15, showed an 8.4% drop in income that the company attributed to a drop in its social entertainment activity. The rare figures of the Q1 did not provide details on the side of the company’s online music, but both sides of the company go in opposite directions. In 2024, social entertainment income dropped by 26% while online musical income increased by 23%.
Not only were TME and Cloud music among the best interpreters of the week, but they are among the biggest winners in 2025. One year to date, TME stocks increased by 49.1% while Cloud Music won 81.3%. The gain of 64.9% of SM Entertainment is the second best among music actions.
Live Nation improved by 8.2% to $ 147.68 this week despite the news that the company and the AEG gifts face a criminal antitrust probe by the United States Ministry of Justice for the reimbursement policies of the pandemic era. Live Nation’s shares are still well below the top of all times of $ 157.75 reached on February 21, but they have gained 14.0% to date and increased by 52.9% in the last 52 weeks.
Spotify, the most precious component of the index, increased by 1.2% to $ 656.30. Guggenheim has increased its course target to $ 725, against $ 675 on the heels of a Favorable decision of the judge In Epic Games c. Apple. Guggenheim sees the decision, which allows Spotify to display pricing options in the iOS application, as useful for monetizing the audio book.
The German concert promoter CTS Eventim gained 3.2% at 111.90 euros ($ 124.90). Barclays started to cover The company with a target of courses of 130 euros ($ 145.12) and a note “overlapping”.
Elsewhere in the index, Universal Music Group and Warner Music Group gained 0.9%and 1.2%, respectively, and Hybi improved by 1.9%. Siriusxm jumped 5.4%.
Only four of the 20 BGMI actions have lost value this week. SM Entertainment was the largest loser of the week with a decrease of 5.2%. To believe that it fell by 1.3%, Deezer fell by 1.5%and Iheartmedia dropped by 1.6.%.
The actions were increasing globally but has particularly performed well in the United States, the NASDAQ composite increased by 7.2% and the S&P 500 improved by 5.3%. In the United Kingdom, the FTSE 100 increased by 1.5%. The Kospi composite index of South Korea gained 1.9%. The SSE Chinese composite index increased by 0.8%.
Investors have been encouraged by a reduction in American prices on Chinese products while the two countries continue to negotiate a trade agreement. Goldman Sachs has raised his estimate For the S&P 500 Tuesday as tensions on prices have relaxed between the United States and China.
However, there is still uncertainty about the American economy. Since last week, many reports have warned against a net slowdown At the port of Los Angeles, the most frequented port in the country. This week, CFO Walmart John David Rainey said that high prices could cause the company To increase prices At the end of the month. And Friday, May 16, the feeling of feeling of consumers of the University of Michigan remained at its Second lowest level recorded.
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