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India

Pandora Media Inc (P.N)

P.N on New York Stock Exchange

5.16USD
16 Feb 2018
Change (% chg)

$0.11 (+2.18%)
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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

Pandora sees Q3 2016 revenue $360 million to $370 million
Friday, 22 Jul 2016 

Pandora Media Inc : Q2 2016 ticketing service revenue was $22.8 million, growing approximately 20% year-over-year . Sees q3 adjusted ebitda is expected to be in range of a loss of $5 million to a profit of $5 million . Fy adjusted EBITDA loss is expected to be in range of $70 million to $50 million . Announced that Peter Chernin concluded his tenure on company's board effective July 20, 2016 . Q3 revenue view $378.2 million -- Thomson Reuters I/B/E/S . Pandora reports q2 2016 financial results . Sees Q3 2016 revenue $360 million to $370 million . Sees FY 2016 revenue $1.385 billion to $1.405 billion . Q2 revenue $343 million versus i/b/e/s view $351.6 million . Q2 2016 total listener hours were 5.66 billion, growing 7% year-over-year . Q2 2016 advertising revenue was $265.1 million, growing 15% year-over-year .Fy2016 revenue view $1.43 billion -- Thomson Reuters I/B/E/S.  Full Article

Ticketfly says Jam Productions joined the Ticketfly platform
Wednesday, 29 Jun 2016 

Pandora Media Inc :Ticketfly says jam productions joined the ticketfly platform.  Full Article

Corvex urges Pandora to evaluate results of fulsome sales process against other options - SEC filing
Tuesday, 17 May 2016 

Corvex Management : Urges Pandora to immediately engage independent investment bank to advise on value maximization process, including execution of sales process . Urges Pandora to evaluate results against other options including risk-adjusted value of continuing to operate on standalone basis . Co "has been unable to date to translate its great product into a great business with an attractive public market valuation" . "We believe Pandora can become an even more differentiated product and a more valuable business as a part of a larger enterprise" . "We reiterate our previous offer to sign a confidentiality agreement in order to further our discussion and facilitate additional dialogue" Source: (http://1.usa.gov/1rQe5SV) Further company coverage: [P.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Pandora to cut 5 percent of jobs

Pandora Media Inc will cut 5 percent of its workforce and take other measures to save costs, as it battles intense competition in the online music streaming market.