From Universal Music Group to Sphere Entertainment, a roundup of the most impressive and surprising stats from the latest round of music companies’ earnings.
Revenue jumped 22% with help from the company's See Tickets acquisition and its investment in France Billet.
The Billboard Global Music Index gained 2.7% to 1,829.18 as 17 of its 20 stocks made gains this week.
The quarter was boosted by the June acquisition of the ticketer from Vivendi and a solid performance from its live entertainment division.
The two acquired businesses had revenue of $148 million in 2023.
The longtime live entertainment executive is departing the company he launched as a joint venture with CTS Eventim in 2021.
The German promoter and ticketing company agreed to buy leading U.K. ticketer See Tickets as well as the Junction 2 and Garorock music festivals.
The German promoter and ticketing company said it expects “a moderate rise” in total revenue in 2024.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
