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Pandora Media Inc (P.N)

P.N on New York Stock Exchange

10.87USD
25 Apr 2017
Change (% chg)

$0.12 (+1.12%)
Prev Close
$10.75
Open
$10.80
Day's High
$10.92
Day's Low
$10.80
Volume
871,532
Avg. Vol
1,531,945
52-wk High
$14.98
52-wk Low
$8.57

Latest Key Developments (Source: Significant Developments)

Pandora Media launches premium subscription tier
Monday, 13 Mar 2017 09:00am EDT 

Pandora Media Inc : Pandora Media Inc says launches premium subscription tier .Pandora Media Inc says Pandora Premium is being launched for $9.99 a month.  Full Article

Pandora shares falls as much as 8 pct after Liberty Media CEO reportedly says Pandora's valuation doesn't make sense- CNBC
Tuesday, 28 Feb 2017 12:03pm EST 

: Pandora falls as much as 8 pct after Liberty Media CEO reportedly says Pandora's valuation doesn't make sense but it's interesting at right price- CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pandora Media estimates to incur about $5 mln-$7 mln employee severance expense
Thursday, 12 Jan 2017 05:19pm EST 

Pandora Media Inc : Pandora Media - Estimates to incur about $5 million to $7 million of cash expenditures, substantially all of which are related to employee severance and benefits costs . Pandora Media Inc- Total reduction in force costs are estimated at $4.0 million to $6.0 million- SEC filing . Pandora Media Inc - Expects to recognize most of the pre-tax reduction in force charges in Q1 of 2017 - SEC filing Source: (http://bit.ly/2ipx3hr) Further company coverage: [P.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pandora Media exploring interests of suitors beyond SiriusXM - CNBC, citing sources
Wednesday, 7 Dec 2016 09:00am EST 

: Pandora exploring interests of suitors beyond SiriusXM - CNBC, citing sources Further company coverage: [P.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pandora is open to engaging in deal talks with SiriusXM - CNBC, citing sources
Friday, 2 Dec 2016 09:46am EST 

: Pandora now open to selling itself; company is open to engaging in talks with longtime suitor SiriusXM - CNBC, citing sources ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pandora Media initiates search for full-time CFO
Tuesday, 8 Nov 2016 05:30pm EST 

Pandora Media Inc :Says on Nov 8, co announced that it has initiated search for full-time chief financial officer.  Full Article

Pandora sees Q3 2016 revenue $360 million to $370 million
Thursday, 21 Jul 2016 04:02pm EDT 

Pandora Media Inc : Q2 2016 ticketing service revenue was $22.8 million, growing approximately 20% year-over-year . Sees q3 adjusted ebitda is expected to be in range of a loss of $5 million to a profit of $5 million . Fy adjusted EBITDA loss is expected to be in range of $70 million to $50 million . Announced that Peter Chernin concluded his tenure on company's board effective July 20, 2016 . Q3 revenue view $378.2 million -- Thomson Reuters I/B/E/S . Pandora reports q2 2016 financial results . Sees Q3 2016 revenue $360 million to $370 million . Sees FY 2016 revenue $1.385 billion to $1.405 billion . Q2 revenue $343 million versus i/b/e/s view $351.6 million . Q2 2016 total listener hours were 5.66 billion, growing 7% year-over-year . Q2 2016 advertising revenue was $265.1 million, growing 15% year-over-year .Fy2016 revenue view $1.43 billion -- Thomson Reuters I/B/E/S.  Full Article

Ticketfly says Jam Productions joined the Ticketfly platform
Tuesday, 28 Jun 2016 04:12pm EDT 

Pandora Media Inc :Ticketfly says jam productions joined the ticketfly platform.  Full Article

Corvex urges Pandora to evaluate results of fulsome sales process against other options - SEC filing
Monday, 16 May 2016 07:12pm EDT 

Corvex Management : Urges Pandora to immediately engage independent investment bank to advise on value maximization process, including execution of sales process . Urges Pandora to evaluate results against other options including risk-adjusted value of continuing to operate on standalone basis . Co "has been unable to date to translate its great product into a great business with an attractive public market valuation" . "We believe Pandora can become an even more differentiated product and a more valuable business as a part of a larger enterprise" . "We reiterate our previous offer to sign a confidentiality agreement in order to further our discussion and facilitate additional dialogue" Source: (http://1.usa.gov/1rQe5SV) Further company coverage: [P.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Pandora Media Inc raises FY 2016 revenue and adjusted EBITDA guidance; gives Q2 revenue and adjusted EBITDA guidance
Thursday, 28 Apr 2016 04:02pm EDT 

Pandora Media Inc:Raises FY 2016 revenue and adjusted EBITDA guidance.Sees Q2 2016 Revenue is expected to be in the range of $345 million to $355 million.Sees Q2 2016 Adjusted EBITDA loss is expected to be in the range of $30M million to $20 million.Sees Fy 2016 Revenue is now expected to be in the range of $1.41 billion to $1.43 billion, up from the prior view of $1.40 billion to $1.42 billion.Sees Fy 2016 Adjusted EBITDA loss is expected to be in the range of $70 million to $50 million, up from the prior view of a loss in the range of $80 million to $60 million.  Full Article

More From Around the Web

BRIEF-Pandora appoints Naveen Chopra as chief financial officer

* Pandora appoints naveen chopra as chief financial officer Source text for Eikon: Further company coverage: