Edition:
United States

Pandora Media Inc (P)

P on New York Consolidated

13.60USD
29 Jul 2016
Change (% chg)

$0.42 (+3.19%)
Prev Close
$13.18
Open
$13.37
Day's High
$13.77
Day's Low
$13.37
Volume
5,363,082
Avg. Vol
8,927,977
52-wk High
$22.60
52-wk Low
$7.10

Latest Key Developments (Source: Significant Developments)

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

SONGS Music Publishing and Pandora Media, Inc sign licensing agreement continuing pandora's advancements into direct deals
Tuesday, 8 Dec 2015 09:00am EST 

Pandora Media, Inc:Songs music publishing and Pandora sign licensing agreement continuing pandora's advancements into direct deals.Says specific terms of the multi-year agreement are confidential.  Full Article

Pandora Media, Inc. Announces Pricing of $300 Million Convertible Notes Offering
Friday, 4 Dec 2015 07:30am EST 

Pandora Media, Inc:Says pricing of $300 million aggregate principal amount of convertible senior notes due 2020 in a private placement to qualified institutional buyers.Pandora also granted Morgan Stanley & Co. LLC ("Morgan Stanley"), the initial purchaser of the notes, a 30-day option to purchase up to an additional $45 million aggregate principal amount of the notes.sale of the notes to the initial purchaser is expected to settle on December 9, 2015, and is expected to result in approximately $292.7 million in net proceeds to Pandora after deducting the initial purchaser's discount and estimated offering expenses payable by Pandora.Morgan Stanley is acting as sole bookrunner for the offering.notes will be senior, unsecured obligations of Pandora.notes will bear interest at a rate of 1.75% per year. Interest will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2016.notes will mature on December 1, 2020, unless earlier repurchased, redeemed or converted.expects to use approximately $37.5 million of net proceeds of the offering of the notes to pay cost of the capped call transactions, and to use remaining proceeds of offering for general corporate purposes.  Full Article

Pandora Media, Inc announces $300 mln convertible notes offering
Wednesday, 2 Dec 2015 04:15pm EST 

Pandora Media, Inc:Announces $300 million convertible notes offering.Says offering of $300 million aggregate principal amount of convertible senior notes due in 2020.  Full Article

Pandora Media Inc to acquire key assets from Rdio
Monday, 16 Nov 2015 04:05pm EST 

Pandora Media Inc:To acquire key assets from rdio.Deal for $75 million.Expects to offer an expanded Pandora listening experience by late 2016, pending its ability to obtain proper licenses.  Full Article

Pandora Media Inc and Sony/ATV music publishing sign unprecedented licensing agreement
Thursday, 5 Nov 2015 09:00am EST 

Pandora Media Inc:Sony/atv music publishing and Pandora sign unprecedented licensing agreement.Says announced a multi-year licensing agreement for sony/atv's catalog of musical works.  Full Article

Pandora Media details plans to enter ticketing business

Online radio giant Pandora Media Inc on Wednesday detailed its plans to market concert tickets to listeners, broadening the company's business as it strives to become profitable.