The Billboard Global Music Index broke a two-week losing streak, gaining 3.2% to 1,756.98 as 13 of 20 stocks ended in positive territory.
The company's guidance for the second quarter of 2024 provided evidence that layoffs and financial discipline could help the company expand margins and profitability.
The Billboard Global Music Index dropped 4.5% this week, the largest one-week decline since Nov. 2022.
The Billboard Global Music Index lost 3.2% this week as 14 of 20 stocks were in negative territory.
The 20-company Billboard Global Music Index dropped 0.2% to 1,748.38, bringing its year-to-date gain to 14.0%.
The 20-company Billboard Global Music Index rose 1.9% to 1,752.24 as five stocks had double-digit gains and only three posted losses.
The Billboard Global Music Index rose 1.3% to a record 1,719.66 this week, bringing its year-to-date gain to 12.1%.
The Billboard Global Music Index fell 0.1% to 1,697.90, marking the first two-week decline since dropping three straight weeks in October 2023.
The Billboard Global Music Index dropped 0.9% to 1,700.37, marking its first decline in six weeks.
The Billboard Global Music Index rose 1.9% to a new high of 1,715.81, bringing its year-to-date gain to 11.8%.
