Spotify’s third-quarter earnings results helped give investors confidence about the company’s path and sent its shares up 10.3% to $170.63 on Tuesday before closing at $159.35 on Friday — up 6.3% for the week. Not only did the streaming giant turn an operating profit of 32 million euros ($34.8 million) — compared to a $247 million euro ($269 million) operating loss a year earlier — it added 6 million subscribers in the same quarter a price increase went into effect. 

That third-quarter growth will help the NYSE-listed, Swedish company exceed its expectations for subscriber gains this year. “We walked into 2023 thinking we would do just over 20 million in net subscriber adds for the full year,” CEO Daniel Ek said during Tuesday’s earnings call, “but we’re actually on track to deliver 30 million.” 

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Morgan Stanley analysts raised their Spotify price target from $190 to $200 on Wednesday, writing in an investor note that the company is “a superior product with pricing power” that will continue to expand gross margins. Likewise, analysts at JP Morgan increased their Spotify price target from $190 to $205 with a belief that the operating margin and free cash flow milestones reached in the quarter will attract more investors to the company.

Led by Anghami’s 11.5% improvement to $1.07, six music streaming companies had an average gain of 4.3% this week. China’s Tencent Music Entertainment, which will report third-quarter results on Nov. 14, gained 7.2% to $7.13, while another Chinese music streamer, Cloud Music, gained 3.3% to 85.50 HKD ($10.93). Meanwhile, U.S.-based LiveOne gained 1% to $1.00. 

Overall, the 21-stock Billboard Global Music Index dropped 0.7% to 1,304.74 this week, marking its third consecutive weekly loss and tenth down week in the second half of 2023. The slight decline dropped the index’s year-to-date gain to 11.7%. Of its 21 stocks, 13 finished the week in negative territory, seven posted gains and one, Round Hill Music Royalty Fund, was unchanged. (Round Hill’s purchase by Concord for $469 million was approved by shareholders on Oct. 18.)

Despite the widespread losses across the music business, the Billboard Global Music Index fared better than many indexes. In the United States, the S&P 500 and the Nasdaq composite each declined 1.9%, while the United Kingdom’s FTSE 100 dropped 1.5% and South Korea’s KOSPI composite index fell 3%. 

The Nasdaq has slipped 10.3% from its peak on July 31, officially putting it in correction territory — a 10% decline from a high — on Wednesday. The Billboard Global Music Index hasn’t entered a correction yet, but it’s close, having declined 9.9% from its peak of 1,447.32 on July 21. 

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Shares of Universal Music Group (UMG) fell 4.2% to 23.31 euros ($24.46) this week, with the company’s third-quarter results on Thursday preceding a 7.2% decline on Friday. Guggenheim analysts maintained both their buy rating on UMG’s stock and their 27.00 euro ($28.56) price target. But the analysts dropped their fourth-quarter forecasts for UMG’s streaming revenue (from 4.4% to 3.5%) and subscription revenue growth (13.0% to 12.8%).

Radio stocks were hit particularly hard in the wake of Cumulus Media’s third-quarter earnings, which showed that the company’s revenue declined 11% year-over-year, to $207.4 million. That was chalked up to “weakness in national markets,” the company said on Friday. Cumulus Media’s share price fell 11.7% to $4.77 on Friday and finished the week down 5.4%. iHeartMedia, which will report earnings on November 9, fell 4.9% on Friday and finished the week down 12.7%.

K-pop stocks had a tumultuous week following Wednesday’s arrest of Lee Sun-kyun — an actor and member of the group BIGBANG known as G-Dragon — on charges of using illegal drugs. Lee, whose exclusive contract with YG Entertainment ended in June, denied the charges. Following his arrest, shares of YG Entertainment fell 7.9% to 50,200 won ($37.01) on Thursday, though they recovered most of the loss to finish the week down 2% to 52,600 won ($38.78).

News of Lee’s arrest sparked days of frenetic media coverage in South Korea, hurting other K-pop stocks and eliciting statements from K-pop agencies to quash any speculation their artists might be involved. Shares of HYBE fell 10.7% to 204,000 won ($150.42) on Thursday. The company issued a statement to the local press saying “BTS is in no way related to the rumors spreading online,” according to reports. HYBE shares recovered some of Thursday’s losses with a 3.9% gain on Friday and finished the week down 5.6% to 212,000 won ($156.32).

SM Entertainment, home to K-pop groups NCT and Red Velvet, fell 5.1% on Thursday and closed the week down 8.4% to 103,900 ($73.61). JYP Entertainment, the agency behind Stray Kids and Twice, lost 6.2% on Thursday but finished the week up 2.7% to 103,600 won ($76.39). 

Fans call Chloe Bailey “Mother” on social media all the time, so it’s fitting that she’s now the “Mother of Dragons.”

On Thursday, Bailey unleashed her early Halloween costume on Instagram, transforming into Daenerys Targaryen from Game of Thrones, also known as Khaleesi.

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In seven photos shared to Instagram (one for each of the Seven Kingdoms, of course), Bailey wears a long blond wig and a bodysuit made of metal to become Dany, who was played by actress Emilia Clarke in the 2011-19 HBO series based on George R. R. Martin’s A Song of Ice and Fire book series.

“I am Khaleesi, the Mother of Dragons #gameofthrones,” Bailey captioned the photo set, alongside a dragon emoji.

For the photo shoot, Bailey is on a medieval set surrounded by dragon eggs, skulls, candles and an hourglass and sitting atop a throne. (It’s not quite the Iron Throne, which is famous for its intimidating swords jutting out of the top, but it definitely gets the Westeros vibe just right.)

This isn’t Bailey’s first brush with the Game of Thrones series: As part of Chloe x Halle alongside sister Halle Bailey, the duo contributed the haunting song “Wolf at Your Door” to the 2019 album For the Throne: Music Inspired by the HBO Series Game of Thrones, which also featured contributions from Maren Morris, Mumford & Sons and The Lumineers as well as a collaborative track from SZA, The Weeknd and Travis Scott.

Head over to Bailey’s Instagram to see the singer/actress in all her House of Targaryen glory.

Birthday wishes are in order for Katy Perry! The “Firework” singer celebrated 39 in style on Wednesday (Oct. 25) and had a carnival-themed birthday party complete with birthday cake for her and the guests in attendance, during which she revealed her birthday wish for the year ahead.

Perry’s fellow American Idol judges Lionel Richie and Luke Bryan — as well as host Ryan Seacrest — were all present at the bash, in addition to Entertainment Tonight‘s Denny Directo, the latter of whom asked what she wanted for to received for her 39th year.

“I know what I’m wishing for,” the singer said as she blew out her candles, the outlet reported. “I’m wishing for peace.” Perry’s birthday wish the following year, however, might not be so humble. “For 40, I already planned three years ago,” she added. “I’m asking for it all!”

The American Idol judge’s fiancé, Orlando Bloom, and their daughter Daisy were not in attendance at the birthday bash, but she confirmed that she’s celebrating with her family separately and is planning to keep it “so low key.”

While Perry did not share any photos or videos from her birthday event to social media, she did give her KatyKats a little gift in return with her shoe line, Katy Perry Collections. “Tomorrow is our CEO @katyperry’s birthday so we’re giving you something good to celebrate! Get 30% off the entire store until 10/31,” the brand wrote via Instagram. (Shop the sale styles — which includes everything from sandals, platforms, foots and more — here.)

Elena Rose can’t hold back her tears. At her home in Miami, where she spends most of her time since leaving her native Venezuela almost nine years ago to become one of the most sought-after Latin songwriters of her generation, she is eagerly awaiting the premiere of a project she started to work on three years ago — “Caracas en el 2000” with Danny Ocean and Jerry Di — which finally comes out Thursday (October 26).

As cheerful as it is nostalgic, the tropical song with an urban flavor is a love letter to the city where the three artists grew up, each in a different socioeconomic area, before the political situation led them, as so many others, to emigrate in search of better opportunities. “What I would give for a thing like that/ You and me in Caracas like in 2000/ Skating around La Cota Mil/ With the macaws/ Such a flow, baby,” says part of the lyrics.

“We were children at that time,” Elena Rose explains to Billboard Español about the reason of the year 2000 in an interview via Zoom. “Beyond the fact that chronologically the country was in a better place, we wanted to show that innocence from three people who had very different lives even though they grew up in the same city.

“I feel that this is how the mind of a child who is enjoying too much on a day at the beach, on a day he went out skateboarding, would sound,” adds the singer-songwriter and only woman nominated for the 2023 Latin Grammy for songwriter of the year. “The feeling of what that soundtrack would sound like just when you go out to recess and are set free from all the classes. It’s pure joy.”

“Caracas en el 2000,” a Warner Music Latina release, was written by Elena Rose, Danny Ocean and Jerry Di and produced by Maff and DJ Tra. Elena Rose’s younger sister, Cristina “Pichu” Hernández, also contributed to the lyrics in its initial stages and now has a starring role in the music video, in which she plays Elena as a teenager. (The three singers, who are portrayed by young actors, also appear in different scenes but filmed their parts in the U.S.)

Directed by Beto Monte and Rodrigo Michelangeli and produced by Capitol, the clip shows emblematic places of Caracas such as the Ávila hill, the Humboldt Hotel, La Previsora ​​tower (with its iconic digital clock) and different squares, avenues and neighborhoods. In a little over four minutes, it condenses the energy of the city and the joy and strength of its people. It took over a year of work, carried out mostly by Monte (better known as Alberto “Beto” Montenegro of the Venezuelan rock/reggae band Rawayana), who was constantly traveling to Caracas to record visuals, Elena Rose points out, adding how meaningful and personal it’s been for her.

“They recorded the video at my school with the teachers who taught me. My grandmother is in the video. La Pichu, whom I wrote the song with, is the one who played me when I was little. It’s really remarkable for that reason,” she says with emotion. “They took photos from when I was a child, they even recreated the tattoos I used to make with markers, what my school bag was like, my little necklaces and things I wore. I mean, can you imagine, it is one of the most important productions and the one I feel most proud to be a part of.”

Now that it is out, she hopes to enjoy the result of the great teamwork involved in the making of the song and the video, and bring part of her culture to the world.

“I hope it serves as a message of hope and faith both for the Caracas native who stayed and for the one that left, and for the one who returns, and for the one who wants to leave,” she says. “It is a message of love everywhere you see it, where there is no mention of religion or politics or social class or sexual inclination or color or money; simply of what unites all of us from Caracas, and that is the love for that city. We are proud to come from where we come from.”

Watch the “Caracas en el 2000” video above.

Danny Ocean, Elena Rose & Jerry Da

It’s not easy to become a finalist for the Billboard Music Awards. There are only three to five finalists in each category, and there are dozens, and in some cases hundreds, of artists, singles and albums vying for those slots. So when an artist has two of the top five contenders in a category, they’re already a winner.

Twelve artists found themselves in that fortunate position when the finalists for the 2023 BBMAs were announced Thursday (Oct. 26). At most awards shows, when an artist has two entries nominated in one category, there’s a danger of “splitting their votes” in the final round of voting. But the BBMAs aren’t based on multiple rounds of voting; they are strictly data-driven.

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Unique among music awards shows, winners are determined by performance metrics on the year-end Billboard charts. The eligibility dates for this year’s awards are aligned with Billboard’s year-end charts tracking period, which measures music consumption from the charts dated Nov. 19, 2022, through Oct. 21, 2023. (That corresponds to the tracking period of Nov. 4, 2022, through Oct. 12, 2023.)

If you missed Thursday’s announcement, Taylor Swift is the top finalist for the 2023 BBMAs, with 20 entries. Morgan Wallen and SZA are runners-up, with 17 entries each; followed by The Weeknd (16); Drake and Zach Bryan (14); Luke Combs (10); 21 Savage, Metro Boomin and Miley Cyrus (nine each); and Beyoncé and Rema (seven each).

Performances and awards will roll out across the BBMAs and Billboard social channels, as well as via BBMAs.watch on Sunday, Nov. 19.

Here are all the artists who have multiple entries in one category at the 2023 BBMAs.

All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.

Winter is coming, and if you can’t take on the cold weather without the proper gear, you’ve come to the right place.

Puffer coats, parkas, overcoats and teddy coats have been a staple in fall and winter wear for decades, and they won’t be going out of style anytime soon. To help you find the perfect puffer, parka or another coat for your budget and weather needs, we put together a curated list of the 12 best women’s coats to buy for winter — and most of them are on sale for up to 65% off. The roundup features coats ranging from around $40 and up.

See below for long puffer coats, short puffer coats, oversized coats, wool coats and more. And click here to shop our product recommendations.

Amazon

Buy: PRETTYGARDEN Women’s 2023 Fashion Winter Coat Long Sleeve Lapel Zip Up Faux Shearling Shaggy Oversized Shacket Jacket (Style Two White,Medium) $37.59

It’s Teddy coat season! This Pretty Garden coat is available in 27 different colors including white, brown, black, blue, coffee, pink, red and grey.

Nordstrom
$97.97 $280 65% off

Buy Now

This patten leather puffer from the Victoria Beckham x Reebok collection is on sale for 65% off at Nordstrom.

Gap
$59.99 $149.99 60% off

Buy Now

Looking for an overcoat? This women’s overcoat is on sale for $60 and up at Gap. It’s a basic overcoat — available in black and camel — featuring a notched lapel collar, welt pockets at the hips and a front button closure.  

Amazon

Buy: WenVen Women’s Winter Thicken Coats Puffer Jacket with Fur Trim Hood (Black, S) $82.99

Another bang for your buck option! This cute puffer features a quilted hood, side pockets and a zipper closure. Made from a silky polyester micro pongee, the waterproof coat is available in black, brown, army green, beige, blue, charcoal and in sizes S (0-2) to XXL (16W-18W).

Cotton On

This Cotton On puffer coat is an eco-friendly option made out of recycled polyester. The puffer features a removable hood, fleece-lined pockets and its water-repellent.

Nordstrom

Cozy up for winter in this notch collar, rugged faux shearling coat. The longline coat, faux fur coat comes complete with side pockets, a notched lapel with front button closure. It’s available in sizes XS (0-2) to XXL (18) and 43% off at Nordstrom.

Columbia

Buy: Columbia Women’s Puffect Color Blocked Jacket, Dark Sapphire/Blue Chill/Nocturnal, 1X Plus $71.99

Columbia is a trusted brand for warm and comfortable coats. The Puffect is a versatile full-zip funnel-neck jacket that is designed to take on cold weather with style and comfort. It’s made from water-resistant fabric and synthetic down insulation to lock in warmth and there’s an extended collar to shield your neck from cold air. The color-blocked Puffect coat is on sale in select colors like the blue coat featured above. Click here to shop the traditional Puffect, which is available in sizes ranging from XS-3X and in multiple colors, including white, purple, black, gray, and yellow. 

The North Face

We can’t talk puffer coats without mentioning The North Face. The company started out as a store for climbing equipment and has expanded into a top choice for coats and jackets. The North Face Hydrenalite Down Hoodie is one of the brand’s top sellers. It’s available in six different colors including bloack, white, almond butter, boysenberry, fawn grey, misty sage (sizes XS-XXL). The Nuptse jacket is another popular pic. It debuted in 1996 and while the design hasn’t changed much over the decades, the materials have as the new installment of Retro Nuptse jackets are made with recycled fabrics. The jackets feature water-resistant ripstop fabric and oversized baffles to ensure added warmth. It’s available in several different colors, sizes and designs (long and short), which includes men’s, women’s and kid’s sizes.

Superdry

Channel a bohemian vibe in this Faux Fur Lined Longline Afghan Coat from Superdry. The coat features faux sheepskin trim, side pockets and a hook closure, and it’s available in sizes 4-12.

Luluemon

Lululemon’s Wonder Puff Long Jacket is designed for life on the go. The water-repellant puffer is available in seven different colors including purple ash, black and green. Features include zippered hand pockets, a hidden phone sleeve, removable hood, interior pockets and a cinchable waist.

Patagonia

Rihanna is the queen of puffer coats, parkas and everything fabulous. The mom of two has been photographed in multiple luxury brands, but for the fashionista on a budget, who appreciates an oversized parka, the Women’s Downdrift Parka ($399) earned a perfect, five-star review at Patagonia. If you want more options, try the L.L. Bean’s Baxter State Parka ($299), the Gabriola Parka ($825) or Victoria Parka ($950) from Canada Goose.

Canada Goose

Last but not least, Cananda Goose. There’s not much to explain as the brand’s reputations proceeds it. If you can afford it, it’s certainly worth the splurge. The Langford Parka Heritage is one of the brand’s bestsellers. It’s available in a bunch of different colors including white, red, black, blue, military green, limestone and khaki (sizes XS-3XL). Click here for other styles from Canada Goose.

 

 

All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.

Sephora is giving you the ultimate excuse to treat yourself with its upcoming Fall Sale Event kicking off on Friday (Oct. 27). While it hasn’t officially started yet, there are some early beauty deals you can jump on now — including on makeup sets from Rare Beauty by Selena Gomez.

Rather than wait until Sephora’s sale begins, you can grab early savings now on some makeup duos that are being discounted up to 37% off. This includes the highly popular liquid blushes, which the “Single Soon” singer’s brand has already sold $70 million worth — it’s that beloved. It’s not uncommon for the brand’s makeup and skincare products to sell out quickly, which means you won’t want to debate too long over whether or not to hop on the sale.

Plus, these sets can also double as affordable gifts for beauty lovers as they can include up to four products from eye essentials to the bestselling blush and glow set.

Ready to start checking things off your makeup wishlist? Check below to shop the Rare Beauty blush and lip set deals and starting Friday, check out all of the discounted Rare Beauty makeup here.

set of four liquid blushes and highlighters

Mini Blush & Glow 4-Piece Set

$34 $54 37% off

Buy Now on sephora

Stock up on the viral liquid blush and highlighter for less than $40 with this four-piece set that includes two blushes and two highlighters. The formulas provide medium coverage and are made with vegan and cruelty-free ingredients.


box with lip oil and lip liner

Everyday Rose Lip Oil & Liner Duo

$25 $35 29% off

Buy Now on sephora

Complete your beauty looks with a lip oil and lip liner duo in a rose brown. The neutral shade is perfect for topping off your fall and winter makeup. Each lip product is full-sized and made from vegan and cruelty-free ingredients that aim to hydrate your lips while providing a natural finish.


For more product recommendations, check out our roundups of the best powder foundation, press-on nails and refillable lipsticks.

All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.

Move over Mojo Dojo Ken, there’s a new Barbie in town. Mattel released collectible dolls inspired by Ted Lasso on Tuesday (Oct. 24).

If you’re a fan of the Apple TV+ show, starring Jason Sudeikis, you might get a kick out of Mattel’s new collection. The Ted Lasso Barbie is dressed in the character’s signature blue tracksuit with AFC Richmond logo detailing and a working zipper. The doll comes complete with aviator sunglasses, a whistle and a soccer ball.

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The commemorative packaging recreates AFC Richmond’s locker room –- there’s even a “BELIEVE” sign and Nate’s homemade suggestion box.

The Barbie x Ted Lasso collection includes two other dolls made in the likeness of characters Rebecca Welton, played by Hannah Waddingham, and Keeley Jones, played by Juno Temple.

Like the characters on the show, the Rebecca Welton doll is dressed like a “soccer boss” in a pale pink shirt, black wide leg pants and a pink bag while the Keeley Jones Barbie goes glam up in a hot pink dress, pink purse and fur stole.

The Emmy-winning comedy series, developed by Sudeikis, Brendan Hunt, Bill Lawrence and Joe Kelly, premiered during the pandemic in 2020 and helped launch Apple TV+. The show, about an inexperienced American football coach hired to manage a British team, ended in May after three seasons.

The Barbie x Ted Lasso collection is the latest Mattel collectible for fans to buy along with the Little People’s Collector’s Set ($25.99). The Ted Lasso doll is sold out at Mattel but the others are still in stock. You can also find the dolls at Amazon (prices may vary) and on eBay.

Purchase below.

Buy: Barbie Signature Doll, Ted Lasso Wearing Iconic Blue AFC Richmond Tracksuit with Aviators, Collectible with Displayable Packaging $92.97

John Legend and Chrissy Teigen proved once again that they’re couple goals, when the Sports Illustrated model took to her Instagram Stories on Tuesday night (Oct. 24) to share a sweet moment in which her husband serenaded her.

In the short clip, the “All of Me” singer is seen belting on the grand piano in the couple’s home, as Teigen sits on the couch.


It’s been an exciting year for the couple. In June, Legend and Teigen announced they welcomed their fourth child, a baby boy, via surrogate. With the process of IVF — which the couple also employed when becoming pregnant with Miles and his older sister Luna — Teigen became pregnant with baby girl Esti, whom the couple welcomed in January.

Teigen revealed in an Instagram post that around the time she became pregnant, the couple met their surrogate, a woman named Alexandra who has since become a close friend. “Just minutes before midnight on June 19th, I got to witness the most beautiful woman, my friend, our surrogate, give birth amidst a bit of chaos, but with strength and pure joy and love,” Teigen wrote, thanking Alexandra for the “incredible gift.”

Michelle Joy, frontwoman for indie rock band Cannons, shared on social media Tuesday that she was recently groped by a concertgoer while she was performing onstage.

“While performing one of our last shows of the tour, I was groped on stage by an audience member,” she wrote in a black-and-white text post, shared to the band’s social media accounts. “It was one of the most uncomfortable things I’ve ever experienced and a complete invasion of my space, privacy, and body. It left me feeling unsafe and violated.”

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Alongside the post, she included the caption, “Just want to create a safe space for ourselves and everyone at our shows so found this important to share today.”

Her post continued: “Sexual harassment will absolutely not be tolerated at any Cannons show. Especially being a female fronted band, we care deeply about our shows being a safe environment where not only women, but everyone regardless of gender, age, race, sex, etc. can come together and share in the joy of our music, ourselves included. If you ever feel unsafe or see something that doesn’t feel right, please let someone around you know. We encourage you to speak up, be kind, and take care of one another.”

Cannons — which formed 10 years ago in LA and also includes guitarist Ryan Clapham and bassist and keyboardist Paul Davis — scored their first Alternative Airplay No. 1 in 2021 when “Fire for You” topped the Jan. 30-dated chart. Initially released in 2019, “Fire for You” found a second life thanks to its 2020 appearance in Netflix’s Never Have I Ever.

On Wednesday (Oct. 25), the band took to Instagram Stories to thank fans for their kind words after Joy’s post about the onstage violation. “Reading through your comments now and just wanted to thank all of you for your kind words, encouragement and support, you all are truly THE BEST and we are sooo [grateful] to have such a wonderful fan base, love you very much!!!” they wrote. “Excited to keep moving forward and make live music a little safer for everyone, see you all again soon!”

KROQ DJ Megan Holiday was among the fans chiming in, writing in the comments section of the original post: “Ugh wtf is wrong with people?!! I’m so sorry Michelle. Sending you all the love and hope you’re okay.”

Next up, Cannons join Lovejoy and littleimage for a pair of concerts in Mesa, Arizona, on Dec. 13 and 14.

Stories about sexual assault allegations can be traumatizing for survivors of sexual assault. If you or anyone you know needs support, you can reach out to the Rape, Abuse & Incest National Network (RAINN). The organization provides free, confidential support to sexual assault victims. Call RAINN’s National Sexual Assault Hotline (800.656.HOPE) or visit the anti-sexual violence organization’s website for more information.