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Music Streaming Giant Hits The Right Notes
Adam Garcia
March 18, 2025
A music streaming giant is climbing after posting strong revenue growth, a fintech firm is expanding its global presence, and a pharma firm is soaring after posting a solid earnings beat. Here’s what’s moving the markets today.
Energy Market (Sponsored)
The uranium market is heating up, and some of the world’s most powerful investors are taking notice. Bill Gates, Jeff Bezos, and Sam Altman have all made massive bets on nuclear energy, signaling what could be the start of a major uranium bull run.
The U.S. government is pouring billions into domestic uranium production, desperate to reduce its reliance on foreign supply.
Meanwhile, demand for nuclear energy is surging worldwide, creating a perfect storm for investors looking to get in early. One under-the-radar uranium junior is sitting on prime assets in one of the world’s richest uranium regions.
With exploration advancing and institutional investors quietly moving in, this could be the next big name in the uranium boom.
Futures 📈
What to Watch
Earnings:
HealthEquity, Inc. [HQY]: Aftermarket
StoneCo Ltd. [STNE]: Aftermarket
LexinFintech Holdings Ltd. [LX]: Aftermarket
Trevi Therapeutics, Inc. [TRVI]: Aftermarket
Economic Reports:
Housing starts [Feb]: 8:30 a.m.
Building permits [Feb]: 8:30 a.m.
Import price index [Feb]: 8:30 a.m.
Import price index minus fuel [Feb]: 8:30 a.m.
Industrial production [Feb]: 9:15 a.m.
Capacity utilization [Feb]: 9:15 a.m.
Music
Tencent Music Reports 8.2% Revenue Growth as Streaming Demand Surges
Tencent Music Entertainment (NYSE: TME) reported better-than-expected fourth-quarter revenue, marking its second consecutive quarter of growth.
The company’s stock is up 2% in premarket trading.
For the quarter ending December, Tencent Music posted an 8.2% year-over-year revenue increase, reaching 7.46 billion yuan ($1.03 billion).
The figure is above the analyst consensus of 7.30 billion yuan, according to LSEG data.
The company’s streaming segment continued to perform well, driven by strong demand for its premium Super VIP (SVIP) membership.
The service, which offers long-form audio content, online karaoke, and high-quality sound features, has gained significant traction among users.
However, Tencent Music’s social entertainment business remains a weak spot, with revenue from the segment declining to 1.63 billion yuan from 1.87 billion yuan a year ago.
The drop was largely due to the removal of certain live-streaming features to comply with Beijing’s anti-gambling regulations.
Despite regulatory headwinds, Tencent Music’s steady growth in streaming subscriptions signals a successful rebound from last year’s slowdown.
Fintech
UP Fintech Reports Record Growth in Singapore, Expands Global Presence
UP Fintech Holding Limited (Nasdaq: TIGR) reported a strong year of growth in 2024, with record-high trading volumes, rising client assets, and a significant expansion of its global presence.
Singapore, the company’s headquarters, posted a 196% year-over-year increase in total trading volume and a 66% rise in commission income.
Net asset inflows surged 119% YoY, while U.S. and Singapore stock trading volumes grew 165% and 81%, respectively.
The Cash Boost trading account saw a twofold increase in new openings in Q4, and the Tiger BOSS Debit Card, which offers fractional shares as rewards, saw activations climb over 30% quarter-over-quarter.
In Hong Kong, account openings grew 48% YoY, while client assets surged 50% QoQ and increased sixfold YoY.
Hong Kong stock trading activity rose significantly, with trading orders up 62% and trading volume up 90% YoY.
Meanwhile, UP Fintech’s subsidiary, YAX (Hong Kong) Limited, obtained Type 1 and Type 7 licenses from the Hong Kong Securities and Futures Commission, allowing it to operate as a licensed virtual asset trading platform.
The firm also made strides in investment banking, participating in multiple U.S. and Hong Kong IPOs, ranking fifth in the Hong Kong IPO underwriting market.
Additionally, its ESOP SaaS platform achieved its first full-year profitability, reflecting strong enterprise demand.
Investor Risk Signals (Sponsored)
Perhaps no one on or off Wall Street has been more accurate calling the bull and bear turns of the past 7 years.
From the bear markets of 2018 and 2022... to the roaring bull runs of 2021, 2023, and 2024.
And now, Marc Chaikin is predicting the next crash will start March 14, 2026. If you have money in the markets, Chaikin's thesis is a must-see.
Oil and Natural Gas
Flowco Holdings Posts Strong Q4 Growth, Stock Gains Nearly 2%
Flowco Holdings Inc. (NYSE: FLOC) reported a massive 146% year-over-year revenue increase for the fourth quarter, surpassing analyst expectations.
The company’s stock is up 1.98% in early trading today.
For the quarter ending December 31, Flowco posted adjusted earnings per share of $2.23, exceeding the analyst consensus of $2.06.
Total revenue is at $185.99 million, a sharp rise from $75.46 million in the same period last year.
The company’s Production Solutions segment led the growth, with revenue soaring 152% year-over-year to $113.33 million.
Meanwhile, the Natural Gas Technologies segment also saw substantial gains, posting a 138% revenue increase to $72.66 million.
Adjusted EBITDA for the quarter stood at $73.78 million, with a strong EBITDA margin of 39.7%.
CEO Joe Bob Edwards called 2024 a “transformational year” for Flowco, citing the company’s ability to expand in a sector focused on production efficiency and capital management.
For the full year, Flowco reported pro forma revenue of $733.26 million, up 10% from 2023.
The company also completed its initial public offering in January 2025, raising $461.8 million, which was primarily used to reduce debt.
Movers and Shakers
Harrow, Inc. [HROW] - Last Close: $23.32
Harrow, Inc., is a specialty pharmaceutical company focused on developing and distributing innovative eyecare medications.
Its shares are surging 20%+ in premarket trading after Harrow’s preliminary Q4 results exceeded expectations, with projected revenue of $65M-$67M compared to analysts’ estimates of $58.4M.
The company also anticipates a profit of $5M-$7M, defying forecasts of a $300K loss. Additionally, Harrow provided an optimistic 2025 outlook, expecting revenue to surpass $280M.
My Take: Harrow is up by more than 100% in the last year, and its last quarters have seen strong revenue growth. Keep a close watch on this stock.
Snow Lake Resources Ltd. [LITM] - Last Close: $0.42
Snow Lake Resources Ltd. is a uranium exploration and development company.
Its shares are up in early trade after Snow Lake announced a $10 million share buyback program, aiming to enhance shareholder value and market liquidity.
My Take: The stock has fallen more than 50% in the last year and has been struggling to make revenue so far. It might be best to keep this one on your wait and watch list for now.
Enzo Biochem, Inc. [ENZ] - Last Close: $0.47
Enzo Biochem, Inc., is a life sciences and diagnostics company.
Its shares are gaining attention in early trading after Enzo released its Q3 10-Q report, which highlighted a stronger gross profit margin (52% vs. 49%), reduced net losses, and improved cost management.
My Take: ENZ is down more than 60% in the last year. However, it has been improving its gross margin in recent quarters, so keep this one on your radar.
Future of Screen Tech (Sponsored)
Remember when NASDAQ: OLED launched its IPO at $6 and later soared to a peak of $252.69, achieving a remarkable 4,090% gain?
Now a new MicroLED innovator with a patented groundbreaking technology and a co-development partnership with a major display manufacturer could enable the mass commercialization of MicroLED displays.
Everything Else
Fresh Gaza airstrikes spark fears of full-scale war after a ceasefire breakdown.
Microsoft and CalSTRS fund an Al Gore-backed climate fund targeting deforested and degraded land.
Google parent Alphabet again eyeing a $30B Wiz acquisition to strengthen its cybersecurity presence.
Chinese EV giant BYD claims its latest models can charge as fast as refueling a gas-powered car.
Investors flee Indonesian stocks as the market sees its steepest drop since 2011.
FinVolution sees record transaction volumes as global fintech expansion accelerates.
Investors react negatively to Getty Images' soft guidance despite strong Q4 results.
Altus Power earnings disappoint as losses widen more than forecasted.
Consolidated Water misses profit estimates as revenue comes in lower than forecasted.
That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Adam Garcia
Elite Trade Club
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