Pandora is a music streaming and automated music recommendation service. It plays musical selections of a certain genre based on the user's artist selection and the user then provides positive or negative feedback for songs chosen by the service, which is taken into account in the subsequent selection of other songs to play. Pandora can be accessed either through a web browser or by downloading and installing application software on the user's device such as personal computer or mobile phone.

Type
Public
HQ
Oakland, US
Founded
2000
Size (employees)
2,488 (est)
Pandora was founded in 2000 and is headquartered in Oakland, US
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Key People/Management at Pandora

Roger Lynch

Roger Lynch

President and CEO

Pandora Office Locations

Pandora has offices in Champaign, Waukesha, Indianapolis, Troy and in 27 other locations
Oakland, US (HQ)
2101 Webster St. Suite 1650
Atlanta, US
271 17th Street NW Suite 1520
Birmingham, US
380 N Old Woodward Ave. Suite 100
Chicago, US
130 E Randolph St, Suite 850
Dallas, US
1717 McKinney Ave. Suite 830
New York, US
125 Park Avenue 19th Floor
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Pandora Financials and Metrics

Pandora Financials

Pandora's revenue was reported to be $1.47 b in FY, 2017
USD

Revenue (Q1, 2018)

319.2 m

Gross profit (Q1, 2018)

74.8 m

Gross profit margin (Q1, 2018), %

23.4%

Net income (Q1, 2018)

(131.7 m)

EBIT (Q1, 2018)

(126.9 m)

Market capitalization (15-May-2018)

1.8 b

Closing share price (15-May-2018)

7.3

Cash (31-Mar-2018)

454.9 m

EV

1.7 b
Pandora's current market capitalization is $1.8 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

920.8 m1.2 b1.4 b1.5 b

Revenue growth, %

26%19%

Cost of goods sold

357.1 m894.9 m967.1 m

Gross profit

563.7 m489.9 m499.7 m
Quarterly
USDQ3, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q4, 2017Q1, 2018

Revenue

180.4 m194.3 m218.9 m239.6 m230.8 m285.6 m311.6 m297.3 m343 m351.9 m316 m376.8 m395 m319.2 m

Cost of goods sold

123.3 m125.5 m126.8 m142.3 m150.2 m232.7 m206.9 m216.7 m215.2 m231.6 m243.8 m244.4 m

Gross profit

71.1 m93.4 m112.8 m88.5 m135.4 m78.9 m90.4 m126.3 m136.7 m84.4 m133 m74.8 m

Gross profit Margin, %

37%43%47%38%47%25%30%37%39%27%35%23%
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

16.2 m43 m44.1 m65.7 m176 m334.7 m199.9 m499.6 m

Accounts Receivable

Inventories

15.4 m33.2 m

Current Assets

588.4 m625.8 m912.2 m
Quarterly
USDQ3, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

442.4 m160.8 m157.8 m148.9 m221 m204.1 m243 m303.5 m238.4 m207.7 m170.9 m209.6 m454.9 m

Current Assets

599.9 m505.1 m512 m525 m589.5 m622.8 m643.7 m635.2 m600.1 m677.3 m543.9 m801.9 m870 m

PP&E

27.8 m38.7 m40.1 m42.3 m46.7 m54.7 m56.4 m81.4 m102 m118.5 m128.8 m120.8 m114.5 m

Goodwill

23.1 m304.8 m306.7 m306.7 m306.4 m71.2 m71.2 m
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(27 m)(343 m)(518.4 m)

Depreciation and Amortization

10.1 m60.8 m62.9 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(1.7 m)(28.9 m)(11.7 m)(2 m)(48.3 m)(16.1 m)(85.9 m)(115.1 m)(76.3 m)(61.5 m)(132.3 m)(131.7 m)

Depreciation and Amortization

13.8 m

Accounts Payable

11.4 m13 m14.9 m16.4 m20.1 m9.9 m6.1 m14 m21.2 m

Cash From Operating Activities

17.4 m
USDY, 2018

EV/EBIT

-13.2 x

EV/CFO

96.2 x

Financial Leverage

24 x
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Pandora Operating Metrics

Pandora's Paying Subscribers was reported to be 5.5 m in Q4, 2017.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017

Internet Radio Streamed, hours

21.11 b5.21 b

Listener Hours

4.80 b5.04 b4.99 b20.03 b5.30 b5.30 b5.14 b21.11 b5.52 b5.66 b5.40 b21.96 b5.21 b5.22 b5.15 b

Monthly Sessions per User (US)

23

Paying Subscribers

4.30 m4.71 m4.86 m5.19 m5.48 m
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Pandora Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
AdsWizz (141)March 22, 2018$145 m
Ticketfly (181)October 06, 2015$450 m
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Pandora News and Updates

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