Pandora (P) Tops Q2 EPS by 1c, Revenues Beat
Pandora (NYSE: P) reported Q2 EPS of ($0.15), $0.01 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $384.8 million versus the consensus estimate of $372.78 million.
- Total Q2 Revenue was $384.8 million, growing 12% year-over-year excluding Australia, New Zealand & Ticketfly, exceeding top-end of guidance
- Q2 Subscription revenue was $113.7 million, growing 67% year-over-year excluding Australia, New Zealand & Ticketfly
- Ad hour trends improved for the third straight quarter
- Ad RPM hit an all-time Q2 high of $68.75, growing 4% year-over-year
- Added 351 thousand to approximately 6 million subscribers; which grew 23% year-over-year
- Announced partnerships with AT&T, Snap and Cheddar
- Completed the acquisition of AdsWizz and launched Audio Programmatic
For earnings history and earnings-related data on Pandora (P) click here.