• Fri, Jan. 13, 9:18 AM
    Fri, Jan. 13, 9:18 AM
  • Thu, Jan. 12, 5:37 PM
    • Top gainers, as of 5.25 p.m.: FCAU +11.1%. P +7.1%. OREX +3.2%. ABCO +3.2%. IAG +2.6%.
    • Top losers, as of 5.25p.m.: SFUN -3.2%. EGLT -2.3%. CIG -1.8%. TWO -1.7%. WPX -1.3%.
    Thu, Jan. 12, 5:37 PM | 6 Comments
  • Thu, Jan. 12, 5:20 PM
    • Pandora Media (P +0.9%) has jumped 5.1% after hours after saying it expects to exceed previously announced guidance for Q4 revenue and EBITDA, thanks to solid ad performance.
    • The company added that it's surpassed 4.3M paid subscribers. Pandora Plus had generated more than 375,000 net new subs by the end of December, it said.
    • The company's also pursuing operational efficiency measures, which include reducing U.S. employees by about 7% by the end of Q1 (those cuts exclude Ticketfly), and "leveraging its analytics platform and ad insertion logic to drive additional revenue and realize leverage in content costs."
    • Full results for Q4 and the fiscal year will be released on Thursday, Feb. 9, after the close. Analysts expect revenue of $368.2M, EBITDA of -$43.8M, and EPS of -$0.23.
    Thu, Jan. 12, 5:20 PM | 9 Comments
  • Thu, Jan. 5, 4:55 PM
    • Pandora Media (NYSE:P) shares have fallen 3.2% in postmarket trading after a Sirius XM (SIRI +2.4%) exec dampened speculation about M&A as "not very likely."
    • Shares had gained in December amid increasing chatter about a tie-up. That followed summer reports that Liberty Global had floated a $15/share offer that looked like it was rebuffed, and comments from Liberty chief Greg Maffei that any streaming buy would be linked to Sirius XM.
    • Speaking at a Citigroup conference, Sirius XM Chief Financial Officer David Frear says despite all that, "I have doubts" about Pandora's strategy and isn't sure about cross-selling opportunities.
    Thu, Jan. 5, 4:55 PM | 60 Comments
  • Wed, Jan. 4, 11:41 AM
    • Pandora (P +1.8%) is launching two new ad formats on Jan. 19.
    • The new offerings -- Muted Video and Responsive Mobile Display ads -- will go to all advertisers then after a pilot project launched in June to a few beta partners.
    • The ad formats will offer rich display and video ads in the space usually reserved for album art, and responsive design means that the ads will adjust seamlessly to a device's available screen size.
    • Beta partners saw up to 50% bumps in time spent with the Responsive Mobile Display ads. Advertisers using Muted Video saw a 32% increase in listeners who spend at least five seconds with the video.
    Wed, Jan. 4, 11:41 AM | 7 Comments
  • Tue, Jan. 3, 1:46 PM
    • Lowering ratings on both from Outperform to Market perform.
    • Pandora (NYSE:P) [valuation cited] and Townsquare Media (NYSE:TSQ) shares are trading for the day on respective 2.92% and 3.94% declines.
    Tue, Jan. 3, 1:46 PM | 2 Comments
  • Dec. 20, 2016, 5:58 PM
    • The chief operating officer at Pandora Media (P +2%) is out, the second high-profile role departure in just over a month.
    • Sara Clemens, one of the company's top execs, is leaving after a short transition. She had been with the company for two years after joining as chief strategy officer.
    • The news follows that of Mike Herring to drop the chief financial officer's role last month, while maintaining his title of president.
    • The departures come amid chatter about the prospects of Pandora being taken out, with Sirius XM (NASDAQ:SIRI) a favorite possibility.
    • After hours: P +0.4%.
    Dec. 20, 2016, 5:58 PM | 14 Comments
  • Dec. 7, 2016, 10:13 AM
    Dec. 7, 2016, 10:13 AM | 7 Comments
  • Dec. 6, 2016, 8:52 AM
    • Amid reports of a potential takeout by Sirius XM Holdings, analyst Jason Helfstein moves from a prior Perform rating on Pandora (NYSE:P).
    • Considers an up to $21 per share price level for a takeover, though sets current target at $18 (premarket price $13.84).
    Dec. 6, 2016, 8:52 AM | 6 Comments
  • Dec. 5, 2016, 10:28 AM
    Dec. 5, 2016, 10:28 AM | 23 Comments
  • Dec. 2, 2016, 4:29 PM
    • Earlier – Pandora +13%; reportedly open to talks with Sirius XM involving sale
    • Bloomberg updates on the development, suggesting Sirius XM Holdings chairman Greg Maffei had expressed new takeover interest for Pandora. Neither a price or a response by Pandora to the approach, however, have been issued.
    • Liberty Media (NASDAQ:LMCA), Sirius XM Holdings (NASDAQ:SIRI) parent, had prior informally offered $15 per share terms in July.
    • Pandora (NYSE:P) closes out the week with 16% gains, Sirius XM Holdings 5.6% losses on the situation.
    Dec. 2, 2016, 4:29 PM | 13 Comments
  • Dec. 2, 2016, 9:56 AM
    • CNBC asserts the development's at a very early stage, though notes Sirius XM Holdings (SIRI -1.5%) is anticipated to court a deal.
    • Pandora (NYSE:P) shares to $13.07.
    Dec. 2, 2016, 9:56 AM | 43 Comments
  • Nov. 29, 2016, 8:19 AM
    • Shares of Pandora (NYSE:P) are riding a mention on CNBC Fast Money higher in early trading.
    • The discussion on the show centered on the large amount of call buying late in yesterday's session.
    • Nasdaq option report on Pandora
    • Pandora +5.19% premarket to $11.95 vs. a 52-week trading range of $7.10 to $16.23.
    Nov. 29, 2016, 8:19 AM
  • Oct. 26, 2016, 1:14 PM
    • Pandora Media (NYSE:P) is 5.3% lower today after its Q3 earnings miss yesterday, and a few analysts take the opportunity to downgrade shares.
    • Albert Fried dinged the stock two notches, lowering its rating to Underweight from Overweight. "Given the negative guidance, negative FCF, and convoluted business model we think Pandora is no longer a takeover target," says analyst Rich Tullo.
    • A lull alone would still support a deal, he says, but burning cash while taking risks with the user base (potentially driving customers to iTunes or Spotify) makes it less attractive. He's got an $8 price target, implying 30%-plus downside from today's lowered price.
    • FBR Capital also downgraded, to Market Perform, but with a $12 price target (vs. current $11.54). But Mizuho is sticking with a Buy rating (while lowering its target to $12 from $13) due to some positives from Investor Day: "While we like the long-term opportunity of subscription, proof will be in execution over the next few quarters."
    • Nomura stayed Neutral and reiterated its $14 price target (21% upside from today), as management reiterated its ambitious growth targets and subscription initiatives. The Street will get more optimistic if Pandora can prove its $10/month product against fierce competition from Spotify, Apple, Amazon and YouTube, it said.
    Oct. 26, 2016, 1:14 PM
  • Oct. 26, 2016, 9:12 AM
    Oct. 26, 2016, 9:12 AM | 3 Comments
  • Oct. 25, 2016, 4:26 PM
    • Pandora Media (P -4.8%) is off another 7.6% after hours following a miss on top and bottom lines and below-consensus guidance in its Q3 earnings report.
    • Losses narrowed on a GAAP basis to $61.5M from $85.9M. Adjusted EBITDA fell to -$6.6M from last year's positive $31.5M.
    • Total listener hours grew about 5% from last year, to 5.4B. Active listeners fell, though, to 77.9M from 78.1M.
    • Revenue breakout: Advertising, $273.7M (up 7.5%); Subscription and other, $56.1M (down 1.4%); Ticketing service, $22.1M (new, but up about 25% compared to Ticketfly's pre-acquisition results).
    • Pandora's guiding to revenue of $362M-$374M in Q4, below consensus for $391.7M, and adjusted EBITDA of -$51M to -$39M. For the full year, it's forecasting revenue of $1.354B-$1.366B (below consensus for $1.4B), and adjusted EBITDA of -$140M to -$128M.
    • Webcast to come at 4:30 p.m. ET.
    • Press Release
    Oct. 25, 2016, 4:26 PM | 6 Comments