Universal Music Group Record Low; Roblox Slumps; Reddit Projections
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Universal Music Group (UMG NA) plummeted to their lowest level since listing, after the company reported disappointing subscription revenue growth. The world’s largest record label’s subscription revenues grew 16.6% in constant currency, including the impact of its purchase of Downtown Music Holdings, but analysts had expected a 19.2% increase.- Roblox (RBLX) shares are lower after the video-game company’s second-quarter results disappointed on key metrics, including users and hours…
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