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

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

Pandora Reports Q3 2018 Financial Results

November 5, 2018 4:01 PM EST

Year-Over-Year Revenue Growth Accelerates, Gross Margins Expand in Q3

Q3 Revenue was $417.6 million, growing 16% year-over-year, excluding Australia and New Zealand & Ticketfly Q3 Subscription revenue was $125.8 million, growing 49% year-over-year Q3 Advertising revenue of $291.9 million, improved year-over-year growth Ad RPM hit an all-time high of $77.83, growing 11% year-over-year Added 784,000 subscribers, reaching approximately 6.8 million total subscribers Non-GAAP gross margins increased 500 basis points sequentially Partnership with SoundCloud will increase... More