Pandora (P) Tops Q1 EPS by 8c

Pandora (NYSE: P) reported Q1 EPS of ($0.23), $0.08 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $297.3 million versus the consensus estimate of $286 million.

Other Business Metrics

• Listener Hours: Total listener hours grew 4% to 5.52 billion for the first quarter of 2016, compared to 5.30 billion for the same period of the prior year.
• Active Listeners: Active listeners were 79.4 million at the end of the first quarter of 2016, up compared to 79.2 million for the same period of the prior year.

GUIDANCE:

Pandora sees Q2 2016 revenue of $345-365 million, versus the consensus of $350.2 million.

Pandora sees FY2016 revenue of $1.40-1.42 billion, versus the consensus of $1.41 billion.

For earnings history and earnings-related data on Pandora (P) click here.

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