The Billboard Global Music Index fell 1.9% but outperformed the S&P 500, Nasdaq composite and South Korea's KOSPI composite index.
The live entertainment company led stocks this week on the Billboard Global Music Index, which improved 0.5% to 1,355.68 for a year-to-date gain of 16.1%.
The Billboard Global Music Index dropped 0.8% this week to 1,348.41, bringing the year-to-date gain to 15.5%.
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.
