Pandora (P) Misses Q1 EPS by 22c, Ad RPMs Up $12% YoY
Pandora (NYSE: P) reported Q1 EPS of ($0.56), $0.17 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $316 million versus the consensus estimate of $318.15 million.
GUIDANCE:
Pandora sees Q2 2017 revenue of $360-375 million vs. estimates of $390.8 million
Sees FY 2017 revenues of $1.5-1.65 billion.
"Second Quarter 2017 Guidance: Revenue is expected to be in the range of $360 million to $375 million, the midpoint of which reflects 7% year-over-year growth and 16% growth relative to the prior quarter. Our revenue guidance reflects material year-over-year advertising growth resulting from seasonality and the first period during which Pandora Premium is broadly available."
"Full Year 2017 Guidance: Pandora expects full-year revenue in the range of $1.50 billion to $1.65 billion."
For earnings history and earnings-related data on Pandora (P) click here.