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Pandora Media Inc (P)

P on New York Consolidated

13.69USD
9 Dec 2016
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$-0.14 (-1.05%)
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Latest Key Developments (Source: Significant Developments)

Sirius approaches Pandora's board with renewed takeover interest- BBG
Friday, 2 Dec 2016 04:10pm EST 

:Sirius XM Chairman Maffei recently approached Pandora board to express renewed takeover interest; approach didn't include price for Pandora- Bloomberg.  Full Article

Pandora is making no new effort to sell itself; Co is focused on executing its strategy and its operating model - source
Friday, 2 Dec 2016 10:05am EST 

: Pandora is making no new effort to sell itself; Co is focused on executing its strategy and its operating model - source ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pandora Media sees Q4 2016 revenue $362 mln to $374 mln
Tuesday, 25 Oct 2016 04:02pm EDT 

Pandora Media Inc - : Pandora reports Q3 2016 financial results . Sees Q4 2016 revenue $362 million to $374 million . Sees FY 2016 revenue $1.354 billion to $1.366 billion . Q3 revenue $351.9 million versus I/B/E/S view $366.3 million . Q3 2016 advertising revenue was $273.7 million, growing 7% year-over-year . Qtrly loss per share $0.27 . Q3 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S . Full year 2016 adjusted EBITDA loss is expected to be in range of $140 million to $128 million .Q4 revenue view $391.7 million -- Thomson Reuters I/B/E/S.  Full Article

Pandora says direct licensing agreement with Warner Music
Thursday, 15 Sep 2016 04:43pm EDT 

Pandora Media Inc : Direct licensing agreement for recorded music With Warner Music Group . Direct licensing agreement for recorded music with Warner Music Group .Agreement applies to Pandora's business in United States.  Full Article

Pandora signs landmark direct licensing agreements with Merlin Network, Sony Music and Universal Music Group
Tuesday, 13 Sep 2016 07:15am EDT 

Pandora Media Inc : Pandora enters into landmark direct licensing agreements with Merlin Network, Sony Music and Universal Music Group . Agreements apply to pandora's business in united states . Signing of direct licensing agreements for recorded music with merlin network, sony music and universal music group, along with orchard .Signing of direct licensing agreements with over 30 other independent labels and distributors.  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

Pandora Inc signs licensing agreements with ASCAP and BMI
Tuesday, 22 Dec 2015 09:00am EST 

Pandora Inc:Announced the signing of two separate multi-year licensing agreements for their combined catalogs of more than 20 million musical works.While the specific terms of both multi-year agreements are confidential, for each deal, the respective parties worked together to build an innovative approach to public performance licensing.  Full Article

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Pandora looking at bidders beyond Sirius XM: CNBC

Internet radio provider Pandora Media Inc is looking at potential acquirers beyond satellite radio company Sirius XM Holdings Inc, CNBC reported, citing sources.