Fears of a recession in 2023 are growing, but fans are still spending record amounts for concerts.
The Korean company's bracing for a leaner 2023 as BTS accounts for less revenue, warned CEO Park Ji-won.
Third-quarter 2022 revenues were $6.2 billion — 66.8% greater than the same period in 2019.
Ryman Hospitality Properties' entertainment segment should “flourish as a standalone, separate entity,” said CEO Colin Reed.
The tech giant recently raised its prices across Apple TV+, Apple Music and the Apple One subscription bundle.
The parent of Facebook and Instagram did, however, see its total daily active user base rise by 4 percent in the quarter to 2.93 billion.
Gross margin fell two percentage points to 24.7% from 26.7% a year earlier.
