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Pandora Media Inc (P)

P on New York Consolidated

13.17USD
27 Feb 2017
Change (% chg)

$-0.12 (-0.90%)
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Latest Key Developments (Source: Significant Developments)

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

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

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: