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Stock

Stock Up 10% on Higher Revenue Forecast

by jummy84 October 31, 2025

written by jummy84

SiriusXM Holdings saw quarterly revenue slip 1% year-over-year to $2.16 billion, though it reversed a loss from a year ago to generate $297 million in positive net income, the company reported Thursday (Oct. 30).

That turnaround — Sirius reported a net loss of $2.96 billion in the third quarter of 2024, stemming from the Liberty Media transaction — helped push the company’s share price up by more than 10% to $23.19 at the market’s close on Thursday.

While the company reported lower subscriber revenue and higher royalties and customer acquisition costs, years of cost-cutting and workforce reductions helped to offset those pressures. Sirius’ adjusted earnings before interest, tax, deductions and amortization (EBITDA) fell roughly 2.5% to $676 million from $693 million a year ago, but with an adjusted EBIDTA margin of 31%, Sirius executives raised their 2025 financial target by $25 million across revenue, EBITDA and free cash flow.

“We are confident improvements in our business will drive continued growth in free cash flow towards our target of $1.5 billion by 2027 and beyond,” SiriusXM CEO Jennifer Witz told investors on a conference call.

SiriusXM self-pay net subscribers decreased by approximately 40,000 in the third quarter, bringing the total number to around 33 million. While that was in line with expectations, Witz said, the company hopes that new programming — like an Ed Sheeran pop-up channel and concert, and a Taylor Swift channel launched to celebrate her new album — will offset losses in the fourth quarter.

Churn among subscribers who pay their bills monthly and the number of trial customers improved compared to last year by 1.6% and 1.4%, respectively. Trial customers stood at 7.4 million at the end of the quarter, down from 7.6 million at the end of the second quarter of 2025 but up slightly from 7.3 million at the end of the third quarter of 2024. The company ended the quarter with approximately 33 million total subscribers.

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October 31, 2025 0 comments

TV & Streaming

Netflix Approves 10-for-1 Stock Split to Make Shares ‘More Accessible’

by jummy84 October 30, 2025

written by jummy84

Netflix‘s shares are about to become more affordable.

The streaming giant announced Thursday that its board approved a 10-for-1 forward stock split of Netflix common stock. “The purpose of the stock split is to reset the market price of the Company’s common stock to a range that will be more accessible to employees who participate in the Company’s stock option program,” Netflix said in announcing the plan.

Netflix stock closed at $1,089.00 per share Thursday, down about 1% on the day but up nearly 23% year to date. On the announcement of the 10-for-1 split, shares rose more than 3% in after-hours trading.

Each Netflix shareholder of record as of the close of trading on Monday, Nov. 10, 2025, will receive, after the close of trading on Friday, Nov. 14, 2025, nine additional shares for every share held on the record date. Trading is expected to begin on a split-adjusted basis at market open on Monday, Nov. 17, 2025.

Netflix said the split will be effected through an amendment to the company’s amended and restated certificate of incorporation.

Netflix most recently enacted a seven-for-one stock split that took effect July 14, 2015.

October 30, 2025 0 comments

TV & Streaming

Mark Ruffalo Says Disney Stock Will Drop if Jimmy Kimmel Live! Cancels

by jummy84 September 21, 2025

written by jummy84

Mark Ruffalo is speaking out again on Jimmy Kimmel‘s suspension by ABC.

Ruffalo took to Threads on Saturday to re-share a post that alleged Disney‘s stock price has dropped seven percent following the late night talk show being suspended earlier this week.

“It’s going to go down a lot further if they cancel his show,” Ruffalo wrote. “Disney does not want to be the ones that broke America.”

On Wednesday, ABC announced that Jimmy Kimmel Live! was preempted indefinitely following the host’s comments about Charlie Kirk’s murder and the shooting suspect. “We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it,” Kimmel said during his opening monologue on Monday night.

Following the suspension, Ruffalo previously spoke out about Kimmel in a No Kings online event. “My industry doesn’t really understand what’s happening right now, but what they do understand is our freedom of speech is being attacked,” he said. Several other Marvel stars like Pedro Pascal, Marisa Tomei, and Tatiana Maslany also spoke out after the news broke.

The four-time Oscar-nominated actor has famously appeared as Bruce Banner/the Hulk in many of Disney’s MCU projects, such as The Avengers films, Thor: Ragnarok, She Hulk and more. Next up, he’s set to be in Spider-Man: Brand New Day, which will hit theaters July 31, 2026.

Earlier this month, Ruffalo spoke to The Hollywood Reporter about reprising his role and how he’s looking forward to working with Jon Bernthal, who plays the Punisher. “If I’m doing that — which the rumors are that I am, once I get a script, I’ll know it’s real — but I love him and we have a common friend in Lena Dunham, believe it or not, (laughs) who just adores him,” Ruffalo said. “I can’t wait to work with him, he’s so funny and he’s such a great actor. He plays that character like nobody else. I’m really excited to meet him, I’ve never met him!”

September 21, 2025 0 comments

Music

Live Nation Stock Falls on FTC Lawsuit, Sphere Enjoys 5th ‘Oz’ Bump

by jummy84 September 20, 2025

written by jummy84

As U.S. stocks soared following a U.S. Federal Reserve interest rate cut, Live Nation shares fell in the wake of a lawsuit from the Federal Trade Commission (FTC) over what the agency called “years of systemic unfair and deceptive practices.” The high-flying stock dropped 5.8% to $163.72, lowering its year-to-date gain to 65.7%.

Live Nation’s stock dropped 2.5% after Bloomberg reported Monday (Sept. 15) that the FTC was investigating the company. Following news of the lawsuit, the company’s share price fell 2.8% on Thursday (Sept. 18) and dropped another 0.6% on Friday (Sept. 19). Separately, Rothschild & Co. Redburn downgraded Live Nation to a “neutral” rating and increased its price target to $170 from $144. Redburn analysts expect margin expansion to slow from 2026.

A dip of such a magnitude isn’t rare for Live Nation, and the stock has proven to be resilient. In 2019, Live Nation fell 7.3% after news broke that the U.S. Department of Justice’s antitrust division was scrutinizing the company, but the share price recovered in just four days. In 2021, the company’s shares fell more than 22% in the weeks after 10 people died as a result of a crowd crush at the Astroworld festival in Houston, but the stock recaptured nearly all of that loss within three months and now trades 28% above pre-Astroworld levels.

Music stocks rode the market’s upswing as the 19-company Billboard Global Music Index (BGMI) gained 1.3% to 3,101.37, ending the week just off its all-time high of 3,117.20 set during the week ended June 30, 2025. Winners and losers were equally matched at nine apiece, and one company, Deezer, was unchanged.

U.S indexes finished the week at record highs following the Federal Reserve’s decision on Wednesday (Sept. 17) to cut the federal funds rate, the benchmark for short-term interest rates, by a quarter of a percentage point. The Nasdaq climbed 2.2% to a record 22,631.48, while the S&P 500 rose 1.2% to 6,664.36, also a record close. In the U.K., the FTSE 100 dropped 0.7% to 9,216.67. South Korea’s KOSPI composite index rose 1.5% to 3,445.24. China’s Shanghai Composite Index sank 1.3% to 3,820.09.

Sphere Entertainment Co. posted its fifth successive weekly gain, rising 2.4% to $59.71 and giving the company a 41.4% gain in 2025. Investors have reacted positively to the success of Sphere’s AI-assisted revamped The Wizard of Oz. As of Monday, Sphere had sold more than 500,000 tickets for The Wizard of Oz, generating over $65 million in sales.

Music’s greatest gainer of the week was iHeartMedia, which jumped 17.0% to $3.03 despite no major announcement or news report regarding the company. iHeartMedia shares have jumped 89.4% in the last six weeks and are up 81.4% year to date.

In the K-pop world, SM Entertainment was up 6.8% this week, bringing its year-to-date gain to 110.7%. JYP Entertainment increased 1.6% while HYBE fell 0.9% after its chairman, Bang Si-hyuk, was questioned by South Korean authorities over allegations that he deceived early HYBE investors into selling their stakes ahead of the company’s IPO. Bang has denied that he provided false information to the investors.

Spotify, the BGMI’s single largest component with a market capitalization of $150.4 billion, rose 5.5% to $734.92. That brought the stock back to the level reached on Aug. 15 before the price stumbled in three of the next four weeks. The stock went as high as $745.00 on Thursday, bringing Spotify within 5.1% of its all-time high of $785.00 set on June 27.

Universal Music Group and CTS Eventim both fell 4.4%. Chinese music streamer Netease Cloud Music sank 6.7%. U.S. music streamer LiveOne was the week’s biggest loser, falling 10.5% to $0.51.

September 20, 2025 0 comments

Music

Sphere Stock Rides ‘Wizard of Oz’ to Gains, Up 46% in Last 4 Weeks

by jummy84 September 13, 2025

written by jummy84

Sphere Entertainment stock rose 19.3% to $58.33 this week, marking its fourth consecutive weekly gain and the largest improvement in that month-long run. Sphere shares have risen an astounding 46.3% in the last four weeks. The stock reached an all-time high of $58.71 on Friday (Sept. 12).

Sphere’s latest offering, a revamped The Wizard of Oz, has won over both audiences and Wall Street analysts. As Billboard noted on Wednesday (Sept. 10), numerous analysts have raised forecasts in the wake of a stellar debut and strong ticket sales. The $2.3 billion venue requires a high level of utilization to be profitable, meaning Sphere must squeeze in film showings when it’s not hosting sold-out concerts by the likes of Backstreet Boys and The Eagles. Early results suggest the revamped The Wizard of Oz, which cost upwards of $100 million, is performing better than Sphere’s two previous films, Postcards from Earth and V-U2.

The 19-company Billboard Global Music Index (BGMI) rose 1.0% to 3,061.29, putting its year-to-date gain at 44.1%. The majority of music stocks ended the week in positive territory, mirroring gains elsewhere in the market as investors lifted stocks ahead of an expected interest rate cut by the U.S. Federal Reserve.

The week’s biggest gainer was music streamer LiveOne, which jumped 29.5% to $0.57. On Thursday (Sept. 11), LiveOne raised its fiscal 2026 adjusted EBITDA guidance to $4.5 million to $6 million on revenue of $55 million to $60 million. On Friday, the company announced that its Bitcoin holdings exceed $5 million.

Radio broadcaster and podcast company iHeartMedia rose 23.3% to finish the week at $2.59. iHeartMedia shares rose 9.2% on Friday after the company announced an expanded partnership and new long-term agreement with Bell Media in Canada. iHeartRadio Canada is a partnership between iHeartMedia and Bell Media, giving the American company distribution of its radio stations and podcast content in the neighbor to the north.

Live Nation shares rose 6.3% to $173.73 on Friday after reaching a new all-time high of $175.25 earlier in the day. The spike followed Citi’s hike of its Live Nation price target to $195 from $165 on Tuesday (Sept. 9). Also this week, CFRA raised its Live Nation price target by $26 to $196, citing “the outsized opportunity for live entertainment around the globe” and the company’s efforts to build arenas and theaters to capture market share.

Universal Music Group (UMG) rose 1.2% to 24.59 euros ($28.86). This week, Citi upgraded UMG to “buy” from “neutral” and increased its price target to 29 euros ($34.03) from 27 euros ($31.68).

Warner Music Group shares gained 2.8% to $33.62, lifting the stock’s year-to-date gain to 8.4%. On Wednesday (Sept. 10), Tigress raised its price target to $45 from $44 due to subscriber growth and the company’s margin expansion.

Spotify, the BMGI’s largest single component with a market capitalization of $142.6 billion, fell 1.5% to $696.40. Spotify shares are up 49.2% this year but have fallen 12.7% since reaching an all-time high of $785.00 on June 27. This week, the company announced the launch of its long-awaited high-quality audio streaming offering.

Many markets and indexes gained this week as investors awaited a decision by the Federal Reserve and companies continued to announce positive news. Amidst rising inflation and falling consumer sentiment, companies ranging from Six Flags Entertainment to Adobe nonetheless gained on encouraging results.

In the U.S., the Nasdaq composite index rose 2.0% to a record closing of 22,141.10, and the S&P 500 climbed 1.7% to 6,584.29. In the U.K., the FTSE 100 improved 0.8% to 9,283.29. South Korea’s KOSPI composite index jumped 5.9% to 3,395.54, and China’s Shanghai Composite Index improved 1.5% to 3,870.60.

September 13, 2025 0 comments

Fashion

Adidas’s Lace-Up Ballerina Sneaker Is Finally Back in Stock, and We Can Confirm It’s Worth the Hype

by jummy84 September 8, 2025

written by jummy84

I had a nightmare the other day that Adidas didn’t exist, and everyone dressed far less cool and had very little sneaker game. When I finally woke up, I realized just how good we have it. Case in point: The Taekwondo Mei. These lace-up ballerina sneakers are so cute, and clearly I’m not the only one who thinks so. They’re always sold out, and after many missed restock alerts, I finally got my hands on a pair. I can confirm they’re just as cool as I thought they’d be, and you don’t want to miss them—they’re currently in-stock now in the prettiest pink shade.

The ballet sneaker trend has been a long time in the making, and it’s not as “trendy” as you’d might expect. If a ballet flat and a slim sneaker had a baby you’d get the “sneakerina.” It’s a quirky, yet surprisingly pared-back style—the slim shape of the shoe feels minimalist, where the option for bold colors or high-laces adds some flair.

The fashion crowd’s obsession with sneakers has ramped up over the past few years (thank you, Adidas!), and with balletcore in the zeitgeist, it was only a matter of time before this early-aughts sneaker came back around. They started to pop up at our favorite retailers last summer, and now they’ve fully gone mainstream.

Introduced in the 2000s, Adidas’s Taekwondo Mei was designed for those competing in Taekwondo, hence the name. They have a stunning suede exterior and come in a handful of colors, including baby blue, true ballerina pink, and black. The rubber soles provide a bit more traction than ballet flats would, and the strappy laces can be wrapped around your ankles in the prettiest way. The best part? They come with a pair of satin ribbon laces (aww!).

As someone who leans more towards Adidas’s minimalist silhouettes, I was shocked by how seamlessly these fit in with the rest of my wardrobe. I grabbed the baby blue pair and have been styling them with my favorite everyday outfits like jeans and a white t-shirt and sporty shorts and a tank top. I also tried them out with a similarly colored blue dress, and even with more feminine styles, you’d never guess they were sneakers. I love how they elevate every outfit to look more intentional and cool.

September 8, 2025 0 comments

Music

Sphere Entertainment Stock Gains as ‘Wizard of Oz’ Debuts

by jummy84 August 30, 2025

written by jummy84

Buzz surrounding the return of Dorothy, Tin Man, Scarecrow and Cowardly Lion may have helped make Sphere Entertainment Co. the best-performing music stock for the week ended Aug. 29. Sphere Entertainment shares rose 6.8% to $45.35 in an otherwise muted week for music stocks.

On Thursday, the Sphere venue in Las Vegas debuted — to both positive and negative reviews — its revamped version of the 1939 film The Wizard of Oz. The premiere was prefaced by a heavy national media campaign that showed both the love for the 1939 original film and curiosity about the state-of-the-art, multi-sensory venue. To date, Sphere had sold 215,000 tickets for The Wizard of Oz at over $100 apiece.

Sphere Entertainment shares have gained 13.7% in the last two weeks, turning a 5.1% year-to-date loss into a 6.8% gain this year. Aside from the attention gained by The Wizard of Oz, the venue has racked up some wins in recent months. The Sphere recently concluded a Kenny Chesney residency in June and will commence with a Zac Brown Band residency in December. In addition, the venue added 14 additional Backstreet Boys performances to extend the group’s well-received run into February 2026.

The Billboard Global Music Index (BGMI), a float-adjusted index of 19 publicly traded music companies, fell 1.5% to 2,979.62 in its second consecutive weekly decline. (The index originally had 20 stocks, but Believe was taken private and no longer trades on the Euronext Paris exchange.) With a majority of music stocks in the red this week, the index’s year-to-date gain dropped to 40.2%.

U.S. indexes fell as core U.S. inflation, which excludes food and energy costs, rose to 2.9% in July, the highest level since February. The Nasdaq composite fell 1.6% to 21,142.01 and the S&P 500 dropped 0.1%. International indexes were mixed. The U.K.’s FTSE 100 fell 1.4% to 9,187.34 but South Korea’s KOSPI composite index rose 0.5% to 3,186.01 and China’s Shanghai Composite Index improved 0.8% to 3,857.93.

Other than Sphere Entertainment, only three stocks had gains above 1%: Cumulus Media (up 6.3%), Anghami (up 4.1%) and MSG Entertainment (up 3.5%). Three of the most valuable music companies had gains of less than 1%: SiriusXM (up 0.8%), HYBE (up 0.5%) and Live Nation (up 0.5%).

With most music stocks losing ground this week, the BGMI was dragged down by the losses of its three most valuable music companies. Spotify fell 1.5% to $682.34, taking the stock 13.1% below the all-time high of $785.00 set on June 27. Universal Music Group dropped 2.7%, bringing its year-to-date gain to 1.0%. And Tencent Music Entertainment sank 3.2% to $24.53, although a blistering first half of 2025 has helped put the stock up 120.0% this year.

Two K-pop companies were among the week’s worst performers. SM Entertainment fell 3.9% to 138,800 KRW ($99.82) and JYP Entertainment was down 5.6% to 72,700 KRW ($52.29). The biggest loser of the week was music streamer LiveOne, which fell 8.3% to $0.55 and extended its year-to-date loss to 59.9%.

August 30, 2025 0 comments

Music

Live Nation Stock Hits Record, Sphere Entertainment Posts Big Gain

by jummy84 August 23, 2025

written by jummy84

Gains by some live entertainment stocks and solid performances by multi-sector companies were overshadowed this week by German concert promoter CTS Eventim’s double-digit decline and a more modest single-digit drop from Spotify.

CTS Eventim shares fell 16.6% to 81.20 euros ($95.18) this week following Thursday’s mid-year results that showed a sharp decrease in adjusted EBITDA despite the concert promoter achieving record revenue. Numerous analysts reacted by decreasing their price targets. The most drastic revision came from Oddo BHF, which reduced its price target to 86 euros ($100.81) from 117 euros ($137.15) and downgraded its rating to “neutral” from “outperform.”

In addition, Bernstein lowered its CTS Eventim price target to 100 euros ($117.22) from 104 euros ($121.91) and maintained its “outperform” rating. Deutsche Bank dropped its price target to 109 euros ($127.77) from 117 euros ($137.15) but kept its “buy” rating. MWB Research lowered its price target to 100 euros ($117.22) from 105 euros ($123.08) and upgraded its rating to “buy” from “hold.”

The Billboard Global Music Index (BGMI) dropped 2.6% to 3,023.51, breaking a two-week winning streak and lowering the index’s year-to-date gain to 42.3%. Winners outnumbered losers 10 to 8, and one company, Deezer, was unchanged.

Major indexes were mixed this week. In the U.S., the Nasdaq fell 0.6% and the S&P 500 gained 0.3%. The U.K.’s FTSE 100 improved 2.0%. South Korea’s KOSPI composite index dropped 1.8%. China’s Shanghai Composite Index rose 3.5%.

Other than CTS Eventim, live entertainment companies posted solid gains. Live Nation reached a new record of $166.54 on Friday and closed at $165.72, up 3.0%. Earlier in the week, MoffettNathanson initiated coverage of Live Nation with a $195 price target and Wolfe Research increased its price target to $177 from $173.

The two Dolan family-controlled live entertainment companies bounced back from an off week. MSG Entertainment was the week’s biggest gainer, rising 6.8% to $39.33. Sphere Entertainment Co. rose 6.5% to $42.46. A week earlier, MSGE shares fell 3.1% after the company’s earnings announcement revealed a 74% decline in fiscal year net profit and Sphere Entertainment shares fell 1.0% following second quarter earnings.

Music streaming companies produced more losers than winners. Spotify fell 5.4% to $692.99, lowering its gain in 2025 to 48.5%. LiveOne slipped 6.3% to $0.60. Tencent Music Entertainment dropped 0.8% to $25.35, although it’s still up 127.4% this year. Netease Cloud Music gained 2.5% to 287.00 HKD ($36.73), bringing its year-to-date gain to 155.8%.

Multi-sector companies’ stocks performed well, with Reservoir Media (up 5.1%), Warner Music Group (up 3.8%), HYBE (up 0.7%) and Universal Music Group (up 0.6%) posting gains. SM Entertainment and JYP Entertainment fell 2.8% and 2.9%, respectively

August 23, 2025 0 comments

Stock

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