8.20 0.00 (0.00%)
Pre-Market: 8:31AM EDT
|Bid||8.16 x 2200|
|Ask||8.25 x 1000|
|Day's Range||8.05 - 8.26|
|52 Week Range||4.09 - 8.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.83|
Generally, Pandora views mixing partnerships with direct marketing efforts as a way to lower its customer acquisition costs. Pandora’s marketing expenses dropped to $125.4 million in the second quarter from $145.9 million a year ago. The company has recently struck multiple partnership deals, including with AT&T (T), Snap (SNAP), and T-Mobile (TMUS). The partnership with T-Mobile involves providing special Pandora service offers to the customers of the mobile operator.
In terms of geography, Twitter (TWTR) breaks its results down into two units: US and International. On the basis of audience, the International unit is Twitter’s largest, as ~80% of its users are outside the United States. On the basis of revenue, the United States is Twitter’s largest unit, supplying over 50% of its revenue.
T-Mobile US Inc. said it would give customers free music and perks from Pandora Media Inc. and Live Nation Entertainment Inc., the latest in a string of sweeteners from carriers battling for customers without resorting to discounting. The No. 3 wireless company in terms of subscribers said Wednesday it will give one year of Pandora Plus service to existing customers who sign up this month through its T-Mobile Tuesdays app. Subscribers were also promised special seating and other perks at events run by concert promoter Live Nation, an arrangement similar to the carrier’s existing partnership with Major League Baseball.
On September 20, Pandora , the largest streaming music provider in the U.S., will host its fifth annual Chicago show featuring live performances by Lord Huron and Jess Williamson.
Verizon (VZ) has partnered with Apple in a program that lets some Verizon wireless customers stream Apple Music free of charge for at least half a year. Verizon customers on unlimited plans get free Apple Music for six months. Verizon’s wireless revenues rose 5.5% year-over-year to $22.4 billion in the second quarter.
Pandora Premium is coming to Google Home, Mini, and Max devices, and other smart speakers and screens with Google Assistant built-in, the company announced this morning. The integration means listeners who pay for Pandora's on-demand music service will be able to search and play any song, album, or playlist, just by asking Google, and can even search by lyrics, play their personalized "mood" playlists, and take other actions using their voice. For example, Google Assistant users will be able to thumbs up and thumbs down tracks on Pandora, skip tracks, create new stations, or play a song again, using voice commands.
Music streaming company Pandora (P) saw its stock fall 14.5% in July. Pandora stock is up 60.0% so far in 2018. Pandora announced its second-quarter results on July 31 and reported revenues of $384.8 million, up from $376.8 million in the second quarter of 2017.
Pandora stock surged a whopping 12.2% in after-hours trading on the day, as its paid subscriber base had grown. Pandora generated revenue of $384.8 million, a 12% YoY increase (excluding its discontinued operations in New Zealand and Australia, and Ticketify, which it sold last year). Pandora beat analysts’ revenue estimates of $373 million.
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Apple and Pandora both saw their shares soar in Wednesday trading after reporting strong quarterly results. Apple also forecast higher than expected revenues ...
After reporting results that beat top and bottom line estimates yesterday, shares of Pandora Media (P) surged almost 20% early morning Wednesday.
On a day stocks drifted lower in the afternoon, Apple rose on strong sales of high-end iPhones, and Pandora Media reported robust paid subscriber growth.
Ryan McQueeney recaps Apple's earnings report, highlights Google's plan to reenter China, and discusses Facebook's new user experience changes. Later, the host puts the spotlight on three small cap stocks making noise after their earnings reports.
Among the companies with shares expected to trade actively in Wednesday's session are Apple, Campbell Soup, Sprint, Kroger and Berkshire Hathaway.
Pandora's chief executive, Anders Colding Friis, is stepping down, the firm said on Thursday, just days after warning of lower sales and profit margins this year. As Francis Maguire reports, shares in the Danish jewellery maker, known for its silver charm bracelets, have plunged by more than a fifth since the company lowered its sales and profit margin guidance for this year and announced plans to cut almost 400 jobs on Monday.