In the final week of 2023, the 20-stock music index gained 1.1% to 1,534.07.
Gains in subscribers and cost control measures helped gross profit margin almost double to 27.2%, the company said.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
