Pandora (P) Misses Q4 EPS by 3c
Pandora (NYSE: P) reported Q4 adjusted EPS of $0.04, $0.03 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $336.2 million versus the consensus estimate of $331.83 million.
Advertising revenue was $269.0 million, a 22% year-over-year increase. Subscription and other revenue was $57.0 million, a 19% year-over-year increase. Ticketing service revenue for the two month period ending December 31, 2015 was $10.2 million, as a result of our acquisition of Ticketfly, which closed on October 31, 2015.
Other Business Metrics
- Listener Hours: Total listener hours grew 3% to 5.37 billion for the fourth quarter of 2015, compared to 5.20 billion for the same period of the prior year.
- Total listener hours grew 5% to 21.11 billion for the full year 2015, compared to 20.03 billion for the same period of the prior year.
- Active Listeners: Active listeners were 81.1 million at the end of the fourth quarter of 2015, compared to 81.5 million for the same period of the prior year.
GUIDANCE:
Pandora sees Q1 2016 revenue of $280-290 million, versus the consensus of $284.0 million.
Pandora sees FY2016 revenue of $1.4-1.42 billion, versus the consensus of $1.42 billion.
For earnings history and earnings-related data on Pandora (P) click here.