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Pandora Media Inc (P.N)

P.N on New York Stock Exchange

8.20USD
20 Jul 2018
Change (% chg)

$0.01 (+0.12%)
Prev Close
$8.19
Open
$8.25
Day's High
$8.39
Day's Low
$8.18
Volume
797,158
Avg. Vol
1,910,381
52-wk High
$9.98
52-wk Low
$4.09

Latest Key Developments (Source: Significant Developments)

Pandora Media Announced A Reduction In Force Plan Affecting About 5 Pct Of Co's Employee Base
Thursday, 1 Feb 2018 

Jan 31 (Reuters) - Pandora Media Inc ::PANDORA MEDIA - ANNOUNCED EFFORTS THAT INCLUDES A REDUCTION IN FORCE PLAN AFFECTING ABOUT 5% OF CO'S EMPLOYEE BASE - SEC FILING.PANDORA MEDIA - TOTAL COSTS, CASH EXPENDITURES FOR REDUCTION IN FORCE PLAN ARE ESTIMATED AT $6.5 MILLION TO $8.5 MILLION.PANDORA MEDIA - EXPECTS TO RECOGNIZE MOST OF PRE-TAX REDUCTION IN FORCE CHARGES IN THE FIRST QUARTER OF 2018.  Full Article

Pandora cut jobs, expects $45 mln savings
Thursday, 1 Feb 2018 

Jan 31 (Reuters) - Pandora Media Inc ::PANDORA REDESIGNS ORGANIZATION TO DRIVE STRATEGIC PRIORITIES AND ACCELERATE GROWTH.PANDORA MEDIA-COMBINATION OF ELIMINATED ROLES, OTHER COST-SAVING MEASURES EXPECTED TO RESULT IN ANNUALIZED SAVINGS OF ABOUT $45 MILLION TO ADJUSTED EBITDA​.PANDORA MEDIA - ‍EXPECTS OPERATING EXPENSES, EXCLUDING. SUBSCRIPTION COMMISSIONS, TO REPRESENT LOWER PERCENTAGE OF REVENUE IN FY 2018 THAN 2017​.PANDORA MEDIA INC - ‍ALSO ANNOUNCED PLANS TO EXPAND ITS PRESENCE AND WORKFORCE IN ATLANTA​.PANDORA MEDIA INC - ‍ALSO ANNOUNCED PLANS TO EXPAND ITS PRESENCE AND WORKFORCE IN ATLANTA​.PANDORA MEDIA - ‍SAVINGS FROM COST-SAVING MEASURES WILL BE REINVESTED IN AD-TECH, NON-MUSIC CONTENT, DEVICE INTEGRATION,MARKETING TECHNOLOGY​.  Full Article

Pandora Media Says Entered Into Credit Agreement Under Which Lenders Secured Revolving Credit Facility Of Up To $50 Mln
Friday, 5 Jan 2018 

Jan 4 (Reuters) - Pandora Media Inc ::PANDORA MEDIA - ON DEC 29, CO ENTERED INTO CREDIT AGREEMENT UNDER WHICH LENDERS COMMITTED TO CO SECURED REVOLVING CREDIT FACILITY OF UP TO $200 MILLION.PANDORA MEDIA SAYS REVOLVING CREDIT FACILITY HAS POTENTIAL FOR SUBSEQUENT INCREMENTAL INCREASE OF UP TO $50 MILLION - SEC FILING.PANDORA MEDIA - ‍PRIOR TO ENTERING INTO CREDIT AGREEMENT, CO TERMINATED PREVIOUS FACILITY UNDER CREDIT AGREEMENT, DATED AS OF MAY 13, 2011​.  Full Article

Pandora Media to resale up to 480,000 shares of Series A convertible preferred stock
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Pandora Media Inc :Pandora Media - resale of up to 480,000 shares of Series A convertible preferred stock & up to 62 million shares of common stock by selling stockholders.  Full Article

Pandora Media reports qtrly loss per share $‍0.34
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Pandora Media Inc :Pandora reports q3 2017 financial results.Q3 revenue $378.6 million versus I/B/E/S view $380.6 million.Pandora Media Inc qtrly ‍total subscribers were 5.19 million, growing 29% year-over-year​.Pandora Media Inc qtrly ‍subscription revenue was $84.4 million, growing 50% year-over-year​.Pandora Media Inc qtrly loss per share $‍0.34​.Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.  Full Article

Pandora Media CEO Tim Westergren plans to step down - Recode
Monday, 26 Jun 2017 

June 25 (Reuters) - :Pandora Media CEO Tim Westergren plans to step down; co doesn't have a replacement for its founder lined up - Recode.  Full Article

Matrix Capital Management Company reports 9.99 percent passive stake in Pandora Media as of December 31, 2016
Friday, 10 Feb 2017 

Matrix Capital Management Company :Matrix Capital Management Company reports a 9.99 percent passive stake in pandora media inc as of December 31, 2016 -SEC filing.  Full Article

Jeweller Pandora cuts China prices to fight grey market, shares drop

COPENHAGEN, July 19 Shares in Pandora fell as much as 7 percent on Thursday after the jeweller said it would lower retail prices in China by an average 15 percent to combat a rise in grey market sales.