Pandora Media Earnings: This Loss EXCITES Shareholders Now

Hampered by higher costs, Pandora Media Inc. (NYSE:P) booked a net loss in the most recent quarter. Pandora Media operates as an Internet radio company in the United States. It provides its radio service to traditional computers, Android phones, Blackberry phones, and the iPhone.

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Pandora Media Earnings Cheat Sheet for the Second Quarter

Results: Loss widened to $5.4 million (3 cents per diluted share) from $1.8 million (loss of 4 cents per share) in the same quarter a year earlier.

Revenue: Rose 33.5% to $89.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Excluding one-time items, Pandora Media Inc. broke even on a per share basis. By that measure, the company beat the mean analyst estimate of a loss of 18 cents per share. It beat the average revenue estimate of $74.3 million.

Quoting Management: “This quarter exceeded our expectations as our strong momentum continues with both listeners and advertisers,” stated Joe Kennedy, Chairman & CEO of Pandora. “In particular, this quarter demonstrated that our mobile monetization strategies are working.”

Key Stats:

The company topped expectations last quarter after falling short of forecasts in the first quarter with a loss of 5 cents versus a mean estimate of a loss of 2 cents per share.

Looking Forward: Expectations for the company’s performance in the upcoming quarter are lower than they were ninety days ago. Over the past three months, the average estimate for the third quarter has fallen from a profit of 2 cents per share to a loss of 2 cents. Over the past ninety days, the average estimate for the fiscal year has fallen from one cent per share to a loss of 16 cents.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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