Pandora (P) Misses Q4 EPS by 14c, Revenue Beats
Pandora (NYSE: P) reported Q4 EPS of ($0.21), $0.14 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $395.3 million versus the consensus estimate of $376.43 million.
GAAP Net Loss and Adjusted EBITDA: For the fourth quarter of 2017, GAAP net loss was $44.7 million compared to a net loss of $90.0 million in the same quarter last year. Adjusted EBITDA was $5.8 million, compared to a loss of $30.4 million in the same quarter last year.
Cash and Investments: For the fourth quarter of 2017, the Company ended with $500.8 million in cash and investments, compared to $499.4 million at the end of the prior quarter.
Partnerships: Expanded partnerships across Sonos, Comcast’s Xfinity X1, Android TV and Amazon Fire TV in the fourth quarter.
Listener Hours: Total listener hours were 5.03 billion for the fourth quarter of 2017, compared to 5.38 billion for the same period of the prior year.
Active Listeners: Active listeners were 74.7 million at the end of the fourth quarter of 2017.
Subscribers: Pandora Plus and Pandora Premium subscribers were 5.48 million at the end of the fourth quarter.
For earnings history and earnings-related data on Pandora (P) click here.