Pandora Shares Soar On Surprising Listening Metrics And Auto Ad Plan

By | Monday January 6, 2014 @ 12:56pm PST

Shares are up 14% in late afternoon trading and touched an all-time high of $32.45 today after Pandora unveiled surprisingly strong audience results for December — and a plan to introduce in-car advertising. Pandora_logoThe streaming music company had 76.2M active … Read More »

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Pandora Shares Rise On Stronger Than Expected Q1 Sales

By | Thursday May 23, 2013 @ 1:54pm PDT

Many investors weren’t sure what they’d see after February when the streaming music company, eager to control its royalty costs, put a 40-hour-a-month cap on mobile listening. But they liked what they saw in the Q1 report out today, even though the net loss increased: Pandora‘s shares are up 9.3% in post-market trading. The company lost $28.6M in the quarter that ended in April, worse that last year’s $20.2M loss, on revenues of $125.5M, +55.4%. The revenue number beat expectations for $123.8M. And the net loss, at 10 cents per share not including one-time expenses, matched the consensus forecast. Total listener hours were up 35% to 4.2B and Pandora says that ad sales increased 49% to $105.1M. Much of the jump is due to mobile use: The company generated $23.23 in ad revenue for every 1,000 ad-supported listener hours, +29.9%. Read More »

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Young Music Fans Listen To Streaming Services As Much As Radio: Report

By | Tuesday April 2, 2013 @ 9:07am PDT

The report this morning from The NPD Group surprises me, although perhaps it shouldn’t considering how quickly the music business is changing. The research firm says that in Q4 online services including Pandora, iHeartRadio, and Spotify accounted for … Read More »

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Amazon Unveils Media Apps For Kindle Fire

The tablet wars are intensifying as the holiday shopping season approaches: Amazon kicked things up today by announcing that Kindle Fire customers will only have to fill out one form to register for multiple media services including Netflix, Rhapsody, Pandora, … Read More »

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Media Stocks Off To Rough Start Amid New Doubts About Greek Bailout

Everyone’s reacting today to Greek Prime Minister George Papandreou’s startling decision to hold a referendum on the deal cut last week to save his country’s economy. The agreement is unpopular — lenders would wipe out about half of Greece’s debt … Read More »

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Pandora’s First Earnings Call Upbeat

By | Thursday August 25, 2011 @ 3:02pm PDT

Everybody agrees that broadband music site Pandora is a great service, but is it a great business? We’ll start to see now: The company, which went public in June, had its first earnings call today, reporting second-quarter revenue ($67 million) … Read More »

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