Pandora (P) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in Light
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Pandora (NYSE: P) reported Q3 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $311.6 million versus the consensus estimate of $312.97 million.
Other Business Metrics
Listener Hours: Total listener hours grew 3% to 5.14 billion for the third quarter of 2015, compared to 4.99 billion for the same period of the prior year.
Active Listeners: Active listeners were 78.1 million at the end of the third quarter of 2015, compared to 76.5 million for the same period of the prior year.
Pandora sees Q4 2015 revenue of $325-330 million, versus the consensus of $351.84 million.
Adjusted EBITDA is expected to be in the range of $25 million to $30 million. Adjusted EBITDA excludes forecasted stock-based compensation expense of approximately $32 million and forecasted depreciation and amortization expense of approximately $6 million and assumes minimal provision for income taxes given our net loss position. Diluted shares outstanding for the fourth quarter 2015 are expected to be approximately 224 million.
For earnings history and earnings-related data on Pandora (P) click here.
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