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Pandora Media Inc (P)

P on New York Consolidated

5.19USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Pandora Media says ‍Roger Lynch to receive annual base salary of $650,000
Monday, 14 Aug 2017 05:04pm EDT 

Aug 14 (Reuters) - Pandora Media Inc -:Pandora Media-‍roger J. Lynch to receive annual base salary of $650,000, to be eligible for annual target bonus equal to 100% of his base salary​.Pandora Media-‍lynch's offer letter also provides for grant of rsu valued at $3.3 million with a four-year service-based vesting period - sec filing​.  Full Article

Pandora appoints Roger Lynch as chief executive officer
Monday, 14 Aug 2017 04:05pm EDT 

Aug 14 (Reuters) - Pandora Media Inc -:Pandora announces appointment of Roger Lynch as chief executive officer.Pandora Media Inc - ‍michael Lynton, chairman of Snap Inc., also joins board​.Pandora Media Inc - ‍roger Lynch has been appointed ceo and president at pandora​.Pandora media inc - ‍naveen Chopra, who has served as pandora's interim ceo since June 2017, will continue in his role as chief financial officer​.  Full Article

Pandora Media plans to discontinue business activities in Australia and New Zealand‍​
Tuesday, 1 Aug 2017 06:13am EDT 

Aug 1 (Reuters) - Pandora Media Inc :On June 27, 2017, announced plan to discontinue business activities in Australia and New Zealand‍​ - SEC filing.Discontinuation of business in Australia and New Zealand led to reduction of headcount of approximately 50 employees.Dissolution of Australia and New Zealand business operations expected to be completed in the three months ended September 30.Do not expect restructuring charges from Australia and New Zealand to have a material impact on financial statements.  Full Article

Pandora Media Q2 loss per share $1.20
Monday, 31 Jul 2017 04:02pm EDT 

July 31 (Reuters) - Pandora Media Inc ::Pandora reports q2 2017 financial results.Q2 revenue $376.8 million versus I/B/E/S view $368.7 million.Pandora Media Inc - ‍active listeners were 76.0 million at end of q2 of 2017​.Pandora Media Inc qtrly loss per share $1.20.Q2 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Pandora Media Inc - ‍total paid subscribers increased from 3.93 million in Q2 2016 to 4.86 million in Q2 2017​.Pandora Media Inc - q2 2017 ad revenue was $278.2 million, growing 5 percent year-over-year.Pandora Media Inc - ‍total listener hours were 5.22 billion for q2 of 2017, compared to 5.66 billion for same period of prior year​.  Full Article

Pandora Media's CEO Tim Westergren to step down
Tuesday, 27 Jun 2017 09:05am EDT 

June 27 (Reuters) - Pandora Media Inc :Pandora announces senior leadership transition and appoints new board member.Says Jason Hirschhorn appointed to the board.Pandora Media Inc - board initiates CEO search following Tim Westergren decision to step down; CFO Naveen Chopra named interim CEO.Pandora Media Inc - company adds Jason Hirschhorn to board of directors.Pandora Media Inc - Westergren will also no longer be a member of Pandora board of directors.Pandora Media Inc- Pandora also announced today it has appointed Jason Hirschhorn to its board, filling a recently vacated seat.With these changes, Westergren will also no longer be a member of Pandora board of directors.Pandora Media Inc - Pandora also announced that President Mike Herring and CMO Nick Bartle are departing company.Pandora Media Inc - Jason Hirschhorn is chief executive officer of Redef Group, a digital content curation company that he founded in 2013.  Full Article

Photo

Key to Pandora's turnaround: a better advertising platform

Kevin Kleinman, a trader at Watchhimtrade.com, listens to music on Pandora every morning as he executes trades worth millions of dollars. But he will not bet a dime on the music streaming company.