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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Pandora Posts Net Loss Of $1.7M 0 comments
    Nov 22, 2013 11:19 AM | about stocks: P

    Originally published at www.seclive.com

    Filing in Focus: Pandora 8-K, November 21, 2013

    Pandora Media, Inc. (NYSE:P) announced its third fiscal quarter 2014 financial results, posting a net loss of $1.7M. This quarter marked a record quarter in revenue, with the company generating $181.6M in revenue, a 50% improvement from the year-ago quarter. Revenue from mobile devices has improved drastically, with mobile advertising revenues increasing 58% year-over-year to $104.9M. Currently Pandora has 70.9 million active users, a 20% increase from a year ago. Despite all the positive figures, the company posted a net loss of $1.7M and losses per share of $0.01. Chairman, President, and CEO Brian McAndrews commented that the company continues to monetize in all aspects and that it plans to invest aggressively to deliver the most personalized radio service.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings, form 8-K Stocks: P
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