The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
The 21-stock Billboard Global Music Index was unchanged at 1,298.80, marking the fifth straight week without an increase.
With just two of its 21 stocks in positive territory, the Billboard Global Music Index fell 3%.
HYBE, SM Entertainment, YG Entertainment and JYP Entertainment have collectively added $4.7 billion in market capitalization in 2023.
The Billboard Global Music Index declined 1.9% this week as only 4 of the 21 stocks were in positive territory.
With 15 of its 21 stocks in negative territory, the Billboard Global Music Index dropped 1.9%.
In 2022, the short-form video app had a net loss of $195.6 million on revenue of $47.7 million.
Cumulus Media's share price rose 16% after Q2 earnings and is more than 2.5 times above the 52-week low of $2.57 from May 9.
The CEO has offloaded 675,000 shares in the company, according to a new Securities & Exchange Commission filing.
The Billboard Global Music Index rose 6.8% to 1,447.32, bringing the year-to-date gain to 23.9%.
