Get the latest gossip
SM Entertainment, Cloud Music Lead Music Stocks to Small Gain as Markets Tumble
South Korean and Chinese stocks led music stocks to a 0.2% gain for the week ended May 23, 2025, the seventh consecutive weekly improvement.
U.S. stocks finished the week on a sour note after President Trump recommended a 50% tariff on the European Union after trade negotiations stalled. While the 2024 acquisition of See Tickets helped revenue jump 22%, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) improved just 8.9% and the company missed some analysts’ expectations. On Tuesday, Live Nation named Richard Grenell, an appointee during President Trump’s first term, to its board of directors.
Or read this on Billboard
