Pandora -10.2% AH; subscription growth slows in Q2

|About: Pandora Media (P)|By:, SA News Editor

Pandora (NYSE:P) expects Q3 revenue of $235M-$240M and EPS of $0.05-$0.08; the former is above a $234.6M consensus, while the latter is mostly below an $0.08 consensus.

Full-year guidance is for revenue of $895M-$915M and EPS of $0.16-$0.19 vs. a consensus of $900.8M and $0.17.

Ad revenue +39% Y/Y to $177.3M vs. +45% in Q1. Subscription/other revenue +35% to $41.6M, a marked slowdown from Q1's +94%. Did a price hike take a toll?

Q2 results, PR