Seeking Alpha

More on Pandora: FQ4 mobile revenue was $80.3M (64% of total), +9% Q/Q and +111% Y/Y - the...

More on Pandora: FQ4 mobile revenue was $80.3M (64% of total), +9% Q/Q and +111% Y/Y - the latter exceeded mobile listener hour growth of 70% (improved monetization). Total listener hours +15% Q/Q and +53% Y/Y (was +67% Y/Y in FQ3). Ad revenue +51% Y/Y and 87% of total, subscription/other revenue +74%. Content costs +57% Y/Y, slightly above rev. growth and equal to 61% of sales. But gap between content cost and rev. growth fell from FQ3. Sales/marketing spend +63% and equal to 27% of sales. P +18.9% AH. CC at 5PM ET (webcast). (PR)
Comments (1)
  • Good earnings for P with the $.01 bottom line beat, but wonder if after they're digested, analysts will refocus on this key metric: Revenue +54% Y/Y, content costs +57% Y/Y, -3% to rev. growth, equal to 61% of sales. How is this sustainable unless customer acquisition costs come down significantly? The latter is unlikely as competition in the space heats up. P may return to calls for salvation by legislation soon.
    7 Mar 2013, 04:38 PM Reply Like
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