{"id":6703,"date":"2025-11-15T00:42:40","date_gmt":"2025-11-15T00:42:40","guid":{"rendered":"https:\/\/musictechohio.online\/site\/stubhub-tencent-shares-fall-bad-week-music-stocks\/"},"modified":"2025-11-15T00:42:40","modified_gmt":"2025-11-15T00:42:40","slug":"stubhub-tencent-shares-fall-bad-week-music-stocks","status":"publish","type":"post","link":"https:\/\/musictechohio.online\/site\/stubhub-tencent-shares-fall-bad-week-music-stocks\/","title":{"rendered":"Tencent Music, StubHub Shares Fall Big in Another Off Week for Music\u00a0Stocks"},"content":{"rendered":"
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\n\tAs some once high-flying streaming stocks limp toward the end of the year, music stocks have fallen far below their all-time high.\u00a0<\/p>\n

\n\tTencent Music Entertainment (TME) dropped 11.0% to $18.93 after the company reported its third-quarter earnings on Tuesday (Nov. 11). TME reported strong growth in online music of 27.2% and music subscriptions of 17.2%. It\u2019s not clear why investors reacted negatively, but it\u2019s possible they have concerns that TME\u2019s margins will suffer as offline (merchandise sales and performances) revenues grow faster than online revenues; as CFO Shirley Hu<\/strong> said during Tuesday\u2019s earnings call, \u201coffline performances and artist-related merchandise sales delivered triple-digit year-on-year revenue growth\u201d in the quarter, adding that those offline revenues have a \u201clower gross margin.\u201d Another factor was Nomura\u2019s decision on Friday (Nov. 14) to lower<\/a> its TME price target to $26 from $30 while maintaining its \u201cbuy\u201d rating.<\/p>\n

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\t\t\t\t\t\t\"Earnings<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tQ3 2025 Earnings Roundup: Here\u2019s What Every Music Company Made\u00a0(Updating)\t\t<\/p>\n<\/h3><\/div>\n

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\t\t\t\t\t\t\"All-American<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tAll-American Rejects to Open SXSW 2026, First 100 Showcasing Artists Announced\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\tSpotify was one of the week\u2019s few winners, rising 3.1% to $635.81 and recapturing some of the previous week\u2019s 5.9% decline. The stock reached as high as $668.49 on Thursday (Nov. 14) after news reports revealed the company unveiled a new Premium Platinum plan that will take the place of Premium Family in five markets, including India and South Africa.<\/p>\n

\n\tAmong streaming stocks, TME is up 66.2% year to date but has fallen 25.9% over the last 13 weeks. Spotify has gained 58.8% in 2025 but is $150 below its all-time high of $785 set in June. Similarly, Netease Cloud Music is up 64.8% year to date but has lost 30.8% in the last 9 weeks.\u00a0<\/p>\n

\n\tThe 19-company Billboard Global Music Index (BGMI) fell 0.1% to 2,700.25, marking the eighth consecutive week the index has failed to post a gain; over those eight weeks, the index has dropped 12.9%. Only three of the index\u2019s 19 stocks finished the week in positive territory, while two stocks were unchanged and 14 were in the red.\u00a0<\/p>\n

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\t\t\t\t\t\t\"SONY<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tSony Music\u2019s Quarterly Sales Surge 21% on Streaming, \u2018Demon Slayer\u2019\u00a0Success\t\t<\/p>\n<\/h3><\/div>\n

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\n\tStubHub, which is not included in the BGMI, dropped 23.5% to $14.87 after the company\u2019s first quarterly earnings release as a public company on Thursday (Nov. 13). StubHub reported an 8% increase in revenue but declined to provide guidance<\/a> for the fourth quarter, causing the stock price to fall 21.0% on Friday alone. After the precipitous decline, StubHub is now 36.7% below its $23.50 IPO price.\u00a0<\/p>\n

\n\tWarner Music Group (WMG) finished the week in positive territory, rising 0.4% to $30.36. WMG will report results for its fourth quarter and fiscal year on Thursday (Nov. 20).\u00a0<\/p>\n

\n\tHYBE dropped 2.6% to 297,500 KRW ($205.24). On Tuesday (Nov. 11), Nomura dropped<\/a> its price target on HYBE to 354,000 KRW ($TK) from 370,000 KRW ($244.22) and kept its \u201cbuy\u201d rating. The week could have been worse: HYBE shares rose 4.5% on Thursday (Nov. 13) on news that the members of girl group NewJeans<\/a> will return to HYBE imprint ADOR<\/a> after losing their legal battle to break away from the company. The stock jumped 18%<\/a> in the week ended Oct. 31 after the court\u2019s ruling.\u00a0<\/p>\n

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\t\t\t\t\t\t\"Jin<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tHYBE Revenue Up 38% on Concerts, But Lagging Album Sales Drive Unprofitable\u00a0Quarter\t\t<\/p>\n<\/h3><\/div>\n

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\n\tUniversal Music Group fell 0.8% to 22.30 euros ($25.92). On Thursday, Sadif Investment Analytics trimmed<\/a> its price target to 28.56 euros ($33.20) from 28.82 euros ($33.50) and lowered its rating to \u201chold\u201d from \u201cstrong buy.\u201d\u00a0<\/p>\n

\n\tOn the radio front, Cumulus Media fell 28.8% to $0.0085, bringing its year-to-date decline to 88.9%. Cumulus reported earnings on Oct. 31 but could have been dragged down by iHeartMedia, which reported earnings on Monday (Nov. 10) and finished the week down 12.1% to $4.07. \u00a0<\/p>\n

\n\tMarkets were mixed as investors contemplated an AI bubble<\/a> and the likelihood of another rate cut<\/a> by the U.S. Federal Reserve. In the U.S., the Nasdaq composite index fell 0.5% to 22,900.59 and the S&P 500 rose 0.1% to 6,743.11. In the U.K., the FTSE 100 gained 0.2% to 9,698.37. South Korea\u2019s KOSPI composite index improved 1.5% to 4,011.57, bringing its year-to-date gain to 64.3%. China\u2019s Shanghai Composite Index fell 0.2% to 3,990.49.\u00a0<\/p>\n