|Bid||4.71 x 400|
|Ask||4.78 x 500|
|Day's Range||4.95 - 5.23|
|52 Week Range||4.09 - 13.52|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 21, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.88|
Pandora is heading back to South by Southwest Music Festival for three days of live music from Tuesday, March 13 to Thursday, March 15 at The Gatsby in Austin, TX. Pandora at SXSW will feature performances by the hottest emerging artists of 2018 spanning indie, pop, latin, R&B, hip hop, americana and country genres.
NEW YORK, NY / ACCESSWIRE / February 2, 2018 / Pandora was one of the best performing stocks in the market on Thursday after announcing job cuts that had many on Wall Street thinking it could be setting ...
Pandora Media Inc. will lay off 5% of its workforce as the Internet radio company tries to rein in costs while investing in advertising technology and efforts to woo back listeners.
Shares of streaming music pioneers Pandora Media (P) are up 9 cents, or 1.9%, at $4.87, in late trading, after the company this afternoon said it will undergoing restructuring efforts to "prioritize its strategic growth initiatives," including focusing on "ad-tech," and "audience development." Pandora said the efforts, which it didn't specify, will "eliminate roles" and cut costs in other ways, and save the company $45 million annually. It expects operating expenses to be lower as a percentage of revenue this year than in 2017, leaving aside commissions paid on its subscriptions.
Pandora , the largest music streaming service in the U.S., today announced an organizational restructuring designed to prioritize its strategic growth initiatives and optimize overall business performance.
The satellite radio giant's stock has risen every year since 2009. Wednesday's quarterly report leaves questions about extending that streak in the year ahead.
Streaming music pioneer Pandora's (P) shares are up 14 cents, or 3.5%, at $4.46, after the Copyright Royalty Board, the body set up by the Library of Congress to establish licenses for using copyrighted works, over the weekend hiked rates for what Pandora must pay to stream music. The decision also has an impact on Spotify, the privately held streaming service that is planning an unusual IPO, as my colleague Jonathan Swartz noted earlier today. Evercore ISI’s Anthony DiClemente, who has an “In Line” rating on Pandora shares, thinks this makes it more important than ever for Pandora to “scale” its platform to “grow their leverage and control costs.” As DiClemente describes it, the rate change has a gradual impact on what Pandora pays, with payments to record labels being the bigger issue: The new royalty structure calls not for a large immediate step-up, but rather for a gradual increase from the current 10.5% of a platform's on demand streaming revenue to an 11.4% rate in 2018 and to an ultimate rate of 15.1% by 2022.
A major court victory that would significantly increase royalties for songwriters is likely to roil the fledgling music streaming industry -- potentially undercutting Spotify, which spent months negotiating with record labels to pay lower recording rights in anticipation of its listing of shares on the NYSE this year. Apple (AAPL), Amazon (AMZN) and Google (GOOGL) are less likely to be affected by the ruling -- which hikes songwriters' take of U.S. streaming revenue to 15.1% from 10.5% through 2022 -- because music plays a small piece of their overall businesses. The impact on digital streaming in general is worth monitoring: the U.S. is the world's largest market, and global revenue from streaming soared 60% in 2016, fueling a 5.9% increase in music sales for the year.
The satellite radio giant reports fourth-quarter results this week, and there's a lot riding for a stock trading at a 12-year high.
The Copyright Royalty Board of the U.S. Library of Congress decided over the weekend to bump up the amount streaming services like Spotify and Apple Inc. have to pay songwriters for interactive streaming ...
The Copyright Royalty Board of the U.S. Library of Congress issued a written decision that altered the formulas used to determine how much of their revenue streaming companies must share with songwriters and the music publishing companies they typically hire to collect licensing fees on their behalf.
Can Comcast Deliver in 4Q17? Comcast (CMCSA) continues to boost its Xfinity platform by signing deals with a variety of entertainment partners. In December 2017, the company upgraded its streaming music service experience with Pandora (P) on Xfinity X1.
Unit sales of smart speakers grew at a triple-digit rate last year, and users of these devices show a preference for listening to music and checking the weather on them.
Pandora (P) stock fell more than 11% last week (ended January 12, 2018) and closed at $4.59. The stock is currently trading 3.4% above its 52-week low of $4.44 and 66.5% below its 52-week high of $13.72. The stock fell over 30% in November 2017, driven by disappointing 3Q17 results and revenue guidance for 4Q17.
Apple (AAPL) announced it would acquire Shazam Entertainment, the UK-based (EWU) startup behind a popular music recognition app called Shazam. Apple confirmed the deal with Shazam in a statement cited by CNBC and other news outlets. “We are thrilled that Shazam and its talented team will be joining Apple.
Among the companies with shares expected to trade actively in Monday's session are Apple Inc., Nvidia Corp., Celgene Corp., Caterpillar Inc and Snap Inc.