Stock Movers Universal Music Up, Erste Rises, Puig Surges
Oct 31, 2025
Chloe Mele, a Bloomberg reporter known for her sharp market insights, shares the latest buzz in the stock world. Universal Music’s impressive 8.7% revenue growth is fueled by stars like Taylor Swift and a hit K-pop soundtrack. Erste Group Bank is optimistic with raised income guidance and plans to close a major acquisition. Meanwhile, Puig’s shares soar as the company reports better-than-expected sales and an upgraded forecast for Q4, highlighting a rebound in fragrances. Tune in for engaging analysis on these market movers!
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Labels Embrace AI To Protect Market Share
- Universal Music's subscription revenue beat expectations driven by Taylor Swift and the K-pop Demon Hunters soundtrack.
- The label is embracing AI partnerships and Spotify collaborations to shape 'responsible' AI music products.
Pop Culture Boosted Music Sales
- Chloe credits Taylor Swift and the K-pop Demon Hunters soundtrack for boosting Universal's results this quarter.
- She admits she hasn't seen the film but notes the soundtrack was 'really huge.'
Bank Builds Capital To Fund Big Acquisition
- Erste Group raised net interest income and capital guidance while preparing to buy Santander's Polish unit for ~€7bn.
- It plans to fund the deal with retained earnings, temporarily lower payouts, and by offloading corporate loan risks.