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Wednesday, Aug 29
2012, 9:36 AM
Pandora (P +2.2%) trades higher ahead of this afternoon's FQ2 report. Shares have been...
Pandora (P +2.2%) trades higher ahead of this afternoon's FQ2 report. Shares have been range-bound this summer after soaring due to to the guidance accompany Pandora's FQ1 report. The monetization of Pandora's mobile radio listening will be in focus today. The company received semi-favorable news yesterday when growing rival Spotify reported an FY12 loss of $56.9M to go with revenue of $235.5M. Soaring content costs, something Pandora is no stranger to, played a big role.