Bgm Group Ltd shares fall 2.21% after-hours as Universal Music's disappointing earnings drag down the market.

Bgm Group Ltd fell 2.21% in after-hours trading, with Universal Music Group N.V. reporting disappointing second-quarter earnings and free cash flow that missed expectations. Shares in Universal Music fell 6.4% after the company reported earnings before interest, tax, depreciation, and amortization that missed expectations by an estimated 2.8% when excluding a 15 million euro boost from an internet service provider settlement.