Looking to explain his company's FQ4 miss and soft guidance (I, II), Pandora (P) CEO Joe Kennedy...

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

Looking to explain his company's FQ4 miss and soft guidance (I, II), Pandora (P) CEO Joe Kennedy says holiday ad spending was light, and pricing for ad inventory sold by third parties was weak in January. Kennedy does note Pandora's mobile ad sales are taking off, and hit $33M in FQ4. However, that only accounts for 46% of Pandora's ad revenue, even though mobile now makes up a much larger share of listening time. P -18.8% AH.