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Pandora Media Inc (P.N)

P.N on New York Stock Exchange

8.58USD
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Pandora To Acquire Digital Audio Ad Tech Firm AdsWizz
Wednesday, 21 Mar 2018 09:00am EDT 

March 21 (Reuters) - Pandora Media Inc ::PANDORA TO ACQUIRE LEADING DIGITAL AUDIO AD TECH FIRM ADSWIZZ.PANDORA MEDIA INC - ‍AT CLOSING OF TRANSACTION, ADSWIZZ WILL BECOME A SUBSIDIARY OF PANDORA​.PANDORA MEDIA INC - ‍PANDORA AGREED TO PAY $145 MILLION IN A COMBINATION OF CASH AND STOCK​.PANDORA MEDIA INC - ‍ACQUISITION DOES NOT CHANGE Q1 2018 GUIDANCE​.PANDORA MEDIA INC - ‍VAN DE WYER WILL REMAIN CEO OF ADSWIZZ​ POST DEAL.PANDORA MEDIA INC -UNDER DEAL TERMS, CO WILL PAY MINIMUM OF 50 % IN CASH & REMAINDER TO BE PAID, AT CO'S ELECTION, IN EITHER CASH OR STOCK​.  Full Article

Pandora Media Files For Stock Shelf - SEC Filing
Monday, 26 Feb 2018 04:40pm EST 

Feb 26 (Reuters) - Pandora Media Inc ::FILES FOR STOCK SHELF - SEC FILING.PANDORA MEDIA FILES FOR RESALE OF UP TO 480,000 SHARES OF CO'S SERIES A CONVERTIBLE PREFERRED STOCK AND ABOUT 62 MILLION SHARES OF COMMON STOCK.PANDORA MEDIA - THE ABOUT 62 MILLION SHARES OF CO'S COMMON STOCK ISSUABLE UPON CONVERSION OF 480,000 SHARES OF SERIES A PREFERRED STOCK.  Full Article

Pandora Reports Q4 Revenue Rose 7 Pct To $395.3 Mln
Wednesday, 21 Feb 2018 04:01pm EST 

Feb 21 (Reuters) - Pandora Media Inc ::PANDORA REPORTS Q4 2017 FINANCIAL RESULTS.Q4 REVENUE ROSE 7 PERCENT TO $395.3 MILLION.QTRLY BASIC AND DILUTED NET LOSS PER COMMON SHARE $0.21.PANDORA PLUS AND PANDORA PREMIUM SUBSCRIBERS WERE 5.48 MILLION AT END OF Q4.ANNOUNCED PLANS TO REINVEST $45 MILLION OF EXPECTED ANNUALIZED COST-SAVINGS TOWARD KEY GROWTH INITIATIVE.QTRLY NON-GAAP NET LOSS PER COMMON SHARE $0.21.QTRLY SUBSCRIPTION ARPU $6.08 VERSUS $4.73 REPORTED LAST YEAR.QTRLY SUBSCRIPTION LPU $4.41 VERSUS $3.12 REPORTED LAST YEAR.PANDORA - COMBINATION OF ELIMINATED ROLES, OTHER MEASURES EXPECTED TO RESULT IN COMBINED ANNUALIZED SAVINGS OF ABOUT $45 MILLION TO ADJUSTED EBITDA.Q4 EARNINGS PER SHARE VIEW $-0.07, REVENUE VIEW $376.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Pandora Media Says It Built Marketplace To Allow Advertisers To Buy Its Audio Inventory Programmatically Across Mobile And Desktop
Tuesday, 20 Feb 2018 06:30am EST 

Feb 20 (Reuters) - Pandora Media Inc ::PANDORA MEDIA - BUILT A PREMIUM MARKETPLACE TO ALLOW ADVERTISERS TO BUY ITS AUDIO INVENTORY PROGRAMMATICALLY ACROSS MOBILE AND DESKTOP.PANDORA MEDIA INC - PILOT PROGRAM IS LAUNCHING WITH VOLKSWAGEN AND WILL EXPAND TO INCLUDE ADDITIONAL ADVERTISERS AND PARTNERS IN COMING MONTHS.  Full Article

Pandora Media Says Entered Into Credit Agreement Under Which Lenders Secured Revolving Credit Facility Of Up To $50 Mln
Thursday, 4 Jan 2018 04:54pm EST 

Jan 4 (Reuters) - Pandora Media Inc ::PANDORA MEDIA - ON DEC 29, CO ENTERED INTO CREDIT AGREEMENT UNDER WHICH LENDERS COMMITTED TO CO SECURED REVOLVING CREDIT FACILITY OF UP TO $200 MILLION.PANDORA MEDIA SAYS REVOLVING CREDIT FACILITY HAS POTENTIAL FOR SUBSEQUENT INCREMENTAL INCREASE OF UP TO $50 MILLION - SEC FILING.PANDORA MEDIA - ‍PRIOR TO ENTERING INTO CREDIT AGREEMENT, CO TERMINATED PREVIOUS FACILITY UNDER CREDIT AGREEMENT, DATED AS OF MAY 13, 2011​.  Full Article

Pandora Media to resale up to 480,000 shares of Series A convertible preferred stock
Thursday, 2 Nov 2017 05:36pm EDT 

Nov 2 (Reuters) - Pandora Media Inc :Pandora Media - resale of up to 480,000 shares of Series A convertible preferred stock & up to 62 million shares of common stock by selling stockholders.  Full Article

Pandora Media reports qtrly loss per share $‍0.34
Thursday, 2 Nov 2017 04:01pm EDT 

Nov 2 (Reuters) - Pandora Media Inc :Pandora reports q3 2017 financial results.Q3 revenue $378.6 million versus I/B/E/S view $380.6 million.Pandora Media Inc qtrly ‍total subscribers were 5.19 million, growing 29% year-over-year​.Pandora Media Inc qtrly ‍subscription revenue was $84.4 million, growing 50% year-over-year​.Pandora Media Inc qtrly loss per share $‍0.34​.Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.  Full Article

Sirius XM radio reports 15.96 pct stake in Pandora Media
Monday, 2 Oct 2017 05:27pm EDT 

Oct 2 (Reuters) - Sirius XM::Sirius XM Radio Inc reports 15.96 pct stake in Pandora Media Inc as of Sept 22 - SEC filing ‍​.Sirius XM Radio​ says may communicate with board of pandora media, members of management and/or other stockholders to "enhancing stockholder value".  Full Article

Corvex Management LP cuts stake in Pandora Media ‍​to 4.7 pct
Thursday, 28 Sep 2017 04:07pm EDT 

Sept 28 (Reuters) - Pandora Media Inc :Corvex Management LP cuts stake in Pandora Media Inc ‍​to 4.7 percent as of September 27 from 8.8 percent stake as of February 16 - SEC Filing.  Full Article

Pandora launches Video Plus for all advertisers
Tuesday, 19 Sep 2017 09:05am EDT 

Sept 19 (Reuters) - Pandora Media Inc :Pandora launches video plus for all advertisers.Pandora Media Inc - ‍Video Plus ad product enables brands to pay only when users watch 15 seconds of a video ad​.  Full Article

UPDATE 1-Pandora shares jump, traders cite talk of advisers being sought

COPENHAGEN, Oct 11 Shares in Danish jewellery company Pandora jumped on Thursday, with two traders citing market rumours that the company is seeking advisers to fend off a possible acquisition bid.