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# SFX Stock Continues Downward Tumble
- URL: https://www.hypebot.com/sfx-stock-continues-downward-tumble/
- Published: 2013-10-18T07:31:31.000Z
- Updated: 2013-10-18T07:31:31.000Z
- Description: It has been a good week for those hoping to cash in on the EDM boom. Just a week after launching it's IPO at $13, SFX Entrainment (SFXE) stock fell. Continue reading [https://www.hypebot.com/hypebot/2013/10/sfx-stock-continues-downward-tumble.html]
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, Earnings before interest taxes depreciation and amortization, Electronic dance music, Hypebot, Initial public offering, IPO, Robert F. X. Sillerman, SFX, SFX Entertainment, #wp, #wp-post, #Import 2026-01-21 10:43

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It has been a good week for those hoping to cash in on the EDM boom. Just a week after launching it's IPO at $13, SFX Entrainment (SFXE) stock fell as low as $8.95 yesterday, before closing at $9.50\. Investor concerns are not without basis, as Hypebot's Clyde Smith wrote, SFX Entertainment is not profitable and its losses are increasing.  

> "On a pro forma basis including SFX's planned acquisitions, the company would post revenue of $92.3 million and negative $15 million in adjusted EBITDA, and a net loss of $71.3 million for the first six months of 2013\. That contrasts with SFX's 2012 revenue of $238.6 million, adjusted EBITDA of $14.6 million, and net loss of $67.4 million. " – *[The Street](http://www.thestreet.com/story/12064174/1/sfx-entertainment-dances-to-ipo-bubble-beat.html?ref=hypebot.com)*

$150 million of the $260 raised is expected to go to acquisitions including many already in the works. The company is also planning a major increase in its debt.

Read more:

[Why It's Not A Bad Thing That SFX Entertainment Didn't Blow Through The Roof](https://www.hypebot.com/why-its-not-a-bad-thing-that-sfxe-didnt-blow-through-the-roof/)

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