HYBE, JYP Entertainment Shares Eke Out Small Gains as Most Music Stocks Get Pummeled

Music stocks fell sharply this week amidst concerns astir the ongoing U.S national authorities shutdown, arsenic President Trump’s latest threat to levy “massive” tariffs connected goods produced successful China dragged down markets connected Friday (Oct. 10). 

Only 3 stocks — Spotify, JYP Entertainment and HYBE — successful the 19-company Billboard Global Music Index (BGMI) finished the week ended Oct. 10 with gains. Dragged down by galore losses adjacent oregon greater than 10%, the BGMI fell 1.9% to 2,899.73, its 3rd consecutive play decline. 

Music stocks fared amended than large U.S. indexes, though. The Nasdaq dropped 2.5% and the S&P 500 fell 2.4%. However, overseas exchanges that are little exposed to the U.S. commercialized warfare with China were amended off. The U.K.’s FTSE 100 roseate 0.7% to 9,427.47. South Korea’s KOSPI composite scale jumped 1.7% to 3,610.60, and China’s Shanghai Composite Index improved 0.4% to 3,897.03. 

Just arsenic the KOSPI outperformed different indexes, K-pop companies were the best-performing euphony stocks of the week. JYP Entertainment’s 2.2% summation made it the week’s champion performer. Fellow K-pop institution HYBE was adjacent down with a 1.9% increase. SM Entertainment posted lone a flimsy nonaccomplishment of 0.6%.

Streaming services performed comparatively good arsenic a group. Spotify eked retired a 0.7% gain, raising its year-to-date summation to 46.9%. Deezer managed a humble 0.9% diminution to 1.16 euros ($1.35) portion Netease Cloud Music fell conscionable 1.2% to 253.00 HKD ($32.51). Tencent Music Entertainment dropped 2.0% to $22.44. 

SiriusXM was the week’s biggest loser, falling 10.1% to $20.93. The nonaccomplishment turned a flimsy year-to-date summation into a 6.4% nonaccomplishment successful 2025. The next-worst diminution came from iHeartMedia, which fell 9.8% to $2.59 aft numerous news outlets reported layoffs astatine iHeart vigor stations astir the country. 

Live Nation dipped 2.1% to $152.96, lowering its year-to-date summation to 18.1%. Earlier successful the week, Wolfe Research increased its terms people to $180 from $177 and maintained its “outperform” standing connected Live Nation shares. After finishing the week ended Sept. 12 astatine $173.73, Live Nation shares person fallen for 4 consecutive weeks and mislaid 12.0% of their value. Some of that diminution could beryllium attributed to the Federal Trade Commission suit filed connected Sept. 18, but different unrecorded euphony stocks person dropped, too.

Sphere Entertainment Co. had a uncommon losing week, falling 6.3% to $58.98. Earlier successful the week, BTIG initiated coverage of Sphere Entertainment Co. with a “neutral” rating. Sphere shares are up 38.9% twelvemonth to day and person jumped 47.9% successful the past 8 weeks. Sister institution MSG Entertainment was the week’s third-worst performer, falling 8.4% to $41.77. 

German performance promoter and ticketing institution CTS Eventim dropped 4.7% to 79.25 euros ($92.10). The company’s caller downturn has mirrored that of Live Nation. After 4 ...