Pandora Reports Q3 2018 Financial Results

Go back to Pandora Reports Q3 2018 Financial Results

Pandora (P) PT Lowered to $9 at BMO Capital

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

Pandora (P) Tops Q3 EPS by 5c, Revenues Beat

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... More