BofA/Merrill Lynch Downgrades Pandora (P) to Neutral
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October 22, 2015 4:05 PM EDT
WASHINGTON & OAKLAND, Calif.--(BUSINESS WIRE)--
Pandora (NYSE: P) and a coalition of independent and major record
companies announced today that they have agreed to a $90 million
settlement for Pandoras use of recordings created before 1972.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20151022006505/en/
The confidential settlement is between Pandora and ABKCO Music &
Records, Capitol Records, Sony Music Entertainment, UMG Recordings and
Warner Music Group. The settlement... More
October 22, 2015 4:02 PM EDT
Total RPMs reached a record $60.52, growing 26% year-over-year; Ad
RPMs were up 28% year over year to a record $56.84
Q3 2015 total revenue was $311.6 million, growing 30% year-over-year
Q3 2015 advertising revenue was $254.7 million, growing 31%
year-over-year
Q3 2015 total mobile revenue was $255.2 million, growing 36%
year-over-year
Q3 2015 local advertising revenue was $63.5 million, growing 52%
year-over-year
OAKLAND, Calif.--(BUSINESS WIRE)--
Pandora (NYSE: P), the worlds most powerful music discovery platform,
today announced financial... More
