Pandora Reports Q3 2018 Financial Results
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Go back to Pandora Reports Q3 2018 Financial Results
November 7, 2018 9:02 AM EST
BMO Capital analyst Daniel Salmon lowered the price target on Pandora (NYSE: P) to $9.00 (from $10.00) while maintaining a Market Perform rating.
The analyst commented, "Active Users of 68.8mm missed our 71.9mm and the Streets 71.2mm, while Listener Hours of 4.8B missed our... More
November 5, 2018 4:04 PM EST
Pandora (NYSE: P) reported Q3 EPS of ($0.06), $0.05 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $417.6 million versus the consensus estimate of $401.29 million.
Q3 Revenue was $417.6 million, growing 16% year-over-year, excluding Australia and New Zealand & TicketflyQ3 Subscription revenue was $125.8 million, growing 49% year-over-yearQ3 Advertising revenue of $291.9 million, improved year-over-year growthAd RPM hit an all-time high of $77.83, growing 11% year-over-yearAdded 784,000 subscribers, reaching approximately 6.8 million total subscribersNon-GAAP gross margins increased 500 basis points sequentiallyPartnership with...
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