Live Music Stocks Analysis Amid Market Volatility Last Week
It was turbulent for both the live music stocks last week as well as the broader stock market. Here’s a detailed look at the performance of key live music companies and the overall market from March 10 to March 14, 2025.
This past week, the live music industry faced notable fluctuations in the stock market, reflecting broader economic trends and company-specific developments. Here’s a breakdown of the performance of key publicly traded live music stocks in the U.S. and Europe, alongside an overview of the overall stock market’s movements.
Live Music Stocks Last Week
Live Nation Entertainment, Inc. (LYV)
Live Nation’s stock experienced volatility this week, influenced by broader market trends and specific company news. The stock opened the week at $118.25 and reached an intraday high of $120.61, before closing at $119.26 on Friday, March 14. [Yahoo Finance]
Madison Square Garden Entertainment Corp. (MSGE)
MSGE’s stock reached a new 52-week low this week, trading as low as $30.56 on Tuesday, March 11. The stock opened the week at $31.33 and closed at $30.59 on Monday, March 10. [Investor Messenge]
By Friday, March 14, MSGE’s stock had a slight rebound, closing at $31.42.
Sphere Entertainment Co. (SPHR)
Sphere Entertainment’s stock showed some resilience amid market fluctuations. The stock opened the week at $31.51 and reached an intraday high of $32.89, before closing at $31.52 on Friday, March 14. [Yahoo Finance]
The company recently reported mixed financial results for Q2 FY2025, with overall revenue declining slightly to $308.3 million (-1.9% YoY) and operating losses improving to $142.9 million from $159.6 million. However, adjusted operating income fell 36.1% to $32.9 million. [Stock Titan]
CTS Eventim AG & Co. KGaA (EVD)
In Europe, CTS Eventim, a leading ticketing and live entertainment company, saw its stock performance influenced by regional economic developments. While specific weekly data for EVD is limited, European stock markets experienced a surge this week, buoyed by fiscal developments in Germany. Incoming chancellor Friedrich Merz secured Green Party support for increased state borrowing and debt rule reforms, boosting European stocks and the euro. [Guardian]
Overall Stock Market Performance
United States
The U.S. stock market experienced significant volatility this week, primarily due to escalating trade tensions and concerns over a potential recession. On Monday, March 10, President Donald Trump’s announcement of potential 200% tariffs on European beverage imports, if the EU does not lift surcharges on U.S. whiskey, led to a sharp sell-off. The S&P 500 fell 2.7%, and the Nasdaq Composite dropped 4%, marking its worst day since 2022. [The Wall Street Journal]
Despite a rally on Friday, March 14, where the S&P 500 gained 2.1% and the Nasdaq rose 2.6%, the week ended with overall declines. The S&P 500 was down 2.3%, the Dow Jones Industrial Average fell 3.1%, and the Nasdaq Composite decreased by 2.4% for the week. [Associated Press]
Europe
In contrast, European stock markets showed resilience. The agreement in Germany to increase state borrowing and reform debt rules boosted investor confidence, leading to a surge in European stocks and the euro. [The Guardian]
Additionally, European indexes have seen strong relative returns so far this year after modest gains last year. For example, the MSCI France Index, which had a negative return last year, has posted a double-digit gain so far this year. [Invesco]
