Pandora Media Inc Earnings Cheat Sheet: Swings to a Profit

Pandora Media Inc (NYSE:P) reported its results for 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 Inc Earnings Cheat Sheet

Results: Net income for the company was $638,000 (0 cents per share). The company reported a loss of $1.77 million (15 cents per share) in the year-ago quarter.

Revenue: Rose 99% to $75 million.

Quoting Management: “Rapid growth of 104% year-over-year in listener hours and record Internet radio market share growth to 66% illustrates the strong demand for personalized radio,” stated Joe Kennedy , Chairman, President & CEO of Pandora. “Our growing scale and powerful, multi-product advertising platform is enabling Pandora to increasingly penetrate areas that were once solely served by terrestrial radio. Our momentum in transforming the radio industry is stronger than ever.”

Looking Forward: Analysts seem more positive about the company’s results for the next quarter than three months ago. The average estimate for the has moved from a loss of 4 cents a share to a loss of 3 cents over the last ninety days. For the fiscal year, the average estimate has moved from a loss of 8 cents a share to a loss of 5 cents over the last ninety days.

Competitors to Watch: Sirius XM Radio Inc. (NASDAQ:SIRI), Linkedin Corporation (NYSE:LNKD), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Career College Holding Co. Inc. (CCHZ), CBS Corporation (NYSE:CBS), Amazon.com, Inc. (NASDAQ:AMZN), Comcast Corporation (NASDAQ:CMCSA), and Time Warner Cable Inc. (NYSE:TWC).

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

 

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