Pandora Media (P) Tops Q2 EPS by 1c; Boosts FY14 Outlook
Pandora Media (NYSE: P) reported Q2 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $218.9 million versus the consensus estimate of $218.54 million.
Listener Hours: Total listener hours grew 29% to 5.04 billion for the second quarter of 2014, compared to 3.91 billion for the same period last year.
Active Listeners: Active listeners were 76.4 million at the end of the second quarter of 2014, an increase of 7.5% from 71.1 million from the same period last year.
Pandora Media sees Q3 2014 EPS of $0.05-$0.08, versus the consensus of $0.08. Pandora Media sees Q3 2014 revenue of $235-240 million, versus the consensus of $234.60 million.
Pandora Media sees FY2014 EPS of $0.16-$0.19, versus prior guidance of $0.14-$0.18 and the consensus of $0.17. Pandora Media sees FY2014 revenue of $895-815 million, versus prior guidance of $880-900 million and the consensus of $900.8 million.
For earnings history and earnings-related data on Pandora Media (P) click here.