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Pandora Media Inc (P)

P on New York Consolidated

9.22USD
26 May 2017
Change (% chg)

$0.06 (+0.66%)
Prev Close
$9.16
Open
$9.22
Day's High
$9.28
Day's Low
$9.14
Volume
5,197,672
Avg. Vol
8,512,006
52-wk High
$14.98
52-wk Low
$8.92

Latest Key Developments (Source: Significant Developments)

Pandora is confident of deal within 30 days- CNBC, citing sources
Tuesday, 9 May 2017 11:48am EDT 

May 9 (Reuters) - :Pandora is confident of deal within 30 days- CNBC, citing sources.  Full Article

Pandora announces new governance measures and confirms ongoing strategic review
Monday, 8 May 2017 04:59pm EDT 

May 8 (Reuters) - Pandora Media Inc ::Pandora announces new governance measures and confirms ongoing strategic review.Says James M. P. Feuille and Peter Gotcher will resign from board of directors.At 2017 annual meeting of stockholders, board will recommend that stockholders approve resolution to declassify board and provide for annual election of directors in future..At 2017 annual meeting of stockholders, board will recommend that stockholders approve resolution to declassify board.Pandora Media - board is forming independent committee, to be chaired by Timothy Leiweke, independent director, to identify and appoint new directors.Pandora media inc says Centerview Partners Llc and Morgan Stanley will continue to advise board regarding ongoing review of strategic alternatives.Pandora Media - "positioned company to evaluate any potential strategic alternatives, including a sale, in 30 days before financing is set to close".  Full Article

Pandora announces $150 million investment by KKR
Monday, 8 May 2017 04:57pm EDT 

May 8 (Reuters) - Pandora Media Inc ::Pandora announces $150 million investment by kkr.KKR's Richard Sarnoff to join Pandora board.Pandora media inc- offering may be upsized to a total of $250 million should company determine to issue additional shares.Pandora Media - under terms of investment, KKR will purchase an aggregate of $150 million in a new designated series a convertible preferred stock of co.Pandora Media - the series a preferred stock is convertible into common stock, cash or a combination thereof at a conversion price of $13.50 per share.Investment is being made by KKR through its sponsored investment funds.  Full Article

Pandora sees Q2 2017 revenue $360 million to $375 million
Monday, 8 May 2017 04:54pm EDT 

May 8 (Reuters) - Pandora Media Inc ::Pandora reports Q1 2017 financial results.Sees Q2 2017 revenue $360 million to $375 million.Sees FY 2017 revenue $1.5 billion to $1.65 billion.Q1 revenue $316 million versus I/B/E/S view $318.2 million.Total subscribers increased to 4.71 million in q1 2017 from 3.93 million in Q1 2016.Q1 2017 ad RPMs were $50.87, growing 12% year-over-year.Qtrly loss per share $0.56.Fy2017 revenue view $1.62 billion -- Thomson Reuters I/B/E/S.Pandora Media- see strong tailwinds as advertising technology investments co is making in h1 2017 come online in seasonally strong second half of year.Q2 revenue view $390.8 million -- Thomson Reuters I/B/E/S.Q1 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S.  Full Article

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

More From Around the Web

BRIEF-Point72 Asset Management's Steven Cohen reports 5.4 pct passive stake in Pandora Media

* Point72 Asset Management's Steven Cohen reports 5.4 pct passive stake in Pandora Media Inc as of May 10 - SEC filing Source text for Eikon: Further company coverage: