Pandora
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Pandora

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    • Media & EntertainmentTechnologyconsumer softwaremusicradiostreaming

    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.

    Revenue(FY, 2017)
    $1.5 B
    Market capitalization(2018-11-14)
    $2.4 B
    Active Users(Q2, 2018)
    71.4 M

    Employee Rating

    3.3More
    TypePublic
    Parent CompanySirius XM
    HQOakland, US
    Founded2000
    Size (employees)1,938 (est)-22%
    Websitepandora.com
    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
    Steve Bené

    Steve Bené

    General Counsel
    Naveen Chopra

    Naveen Chopra

    CFO
    David Gerbitz

    David Gerbitz

    COO
    Aimée Lapic

    Aimée Lapic

    Chief Marketing Officer
    Chris Phillips

    Chris Phillips

    Chief Product Officer
    Show more

    Pandora Office Locations

    Pandora has offices in Birmingham, Atlanta, Dallas, New York and in 3 other locations
    Oakland, US (HQ)
    2100 Franklin St Suite 700
    Atlanta, US
    271 17th Street NW Suite 1520
    Birmingham, US
    100 380 N Old Woodward Ave
    Chicago, US
    130 E. Randolph St. Suite 850
    Dallas, US
    830 1717 McKinney Ave
    New York, US
    19th Floor 125 Park Ave
    Show all (7)
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    Pandora Financials and Metrics

    Pandora Revenue

    Embed Graph
    Pandora's revenue was reported to be $1.47 b in FY, 2017 which is a 5.9% increase from the previous period.
    USD

    Revenue (Q3, 2018)

    		417.6m

    Gross profit (Q3, 2018)

    		156.1m

    Gross profit margin (Q3, 2018), %

    		37.4%

    Net income (Q3, 2018)

    		(63.7m)

    EBIT (Q3, 2018)

    		(58.5m)

    Market capitalization (14-Nov-2018)

    		2.4b

    Closing stock price (14-Nov-2018)

    		8.9

    Cash (30-Sep-2018)

    		287.5m

    EV

    		2.4b
    Pandora's current market capitalization is $2.4 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		920.8m1.2b1.4b1.5b

    Revenue growth, %

    		26%19%6%

    Cost of goods sold

    		508.0k697.3k894.9m967.1m

    Gross profit

    		920.3m1.2b489.9m499.7m
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018

    Revenue

    		230.8m285.6m311.6m336.2m297.3m343.0m351.9m392.6m316.0m376.8m378.6m395.3m319.2m384.8m417.6m

    Cost of goods sold

    		142.3m150.2m232.7m172.3m206.9m216.7m215.2m256.7m231.6m243.8m242.8m248.9m244.4m226.9m261.5m

    Gross profit

    		88.5m135.4m78.9m163.9m90.4m126.3m136.7m135.9m84.4m133.0m135.9m146.4m74.8m157.9m156.1m

    Gross profit Margin, %

    		38%47%25%49%30%37%39%35%27%35%36%37%23%41%37%
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		245.8m176.0m334.7m199.9m499.6m

    Accounts Receivable

    		218.4m277.1m309.3m336.4m

    Prepaid Expenses

    		15.4m35.9m33.2m19.2m

    Current Assets

    		518.8m588.4m683.5k625.8m912.2m
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Cash

    		221.0m204.1m243.0m303.5m238.4m207.7m170.9m209.6m493.2m454.9m293.0m287.5m

    Accounts Receivable

    		188.5m233.7m262.9m237.8m263.7m282.8m162.9m288.3m312.3m269.6m339.6m373.4m

    Prepaid Expenses

    		19.4m16.7m17.2m48.2m43.3m34.2m29.4m18.2m20.3m20.1m21.8m25.7m

    Current Assets

    		589.5m622.8m643.7m635.2m600.1m677.3m543.9m801.9m912.2m870.0m806.6m819.0m
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		(30.4m)(169.7m)(343.0m)(518.4m)

    Depreciation and Amortization

    		15.4m24.5m60.8m62.9m

    Accounts Payable

    		4.8m18.1m5.3m9.1m

    Cash From Operating Activities

    		21.0m(42.1m)(181.7m)(210.7m)
    Quarterly
    USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Net Income

    		(40.7m)(42.7m)(48.3m)(64.3m)(150.3m)(115.1m)(191.4m)(253.0m)(132.3m)(407.4m)(473.6m)(131.7m)(223.7m)(287.4m)

    Depreciation and Amortization

    		7.1m11.2m4.3m9.4m15.2m13.3m27.6m43.5m17.7m35.1m49.1m13.8m28.1m44.2m

    Accounts Payable

    		1.1m5.8m8.1m12.0m29.6m(3.5m)(17.4m)(5.0m)13.2m15.1m(257.0k)4.7m3.6m26.2m

    Cash From Operating Activities

    		(9.4m)(4.3m)27.0m17.1m28.9m(13.1m)(58.6m)(179.1m)(36.0m)(139.4m)(218.6m)17.4m(32.0m)(59.1m)
    show all
    USDY, 2018

    EV/EBIT

    		-40.3 x

    EV/CFO

    		-39.9 x

    Debt/Equity

    		4.9 x

    Debt/Assets

    		0.2 x

    Financial Leverage

    		22.3 x
    Show all financial metrics

    Pandora Operating Metrics

    Pandora's Active Users was reported to be 71.4 m in Q2, 2018.
    Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

    Active Users

    		75.30 m76.40 m76.50 m79.20 m79.40 m78.10 m81.10 m79.40 m78.10 m77.90 m81 m76.70 m76 m73.70 m74.70 m72.30 m71.40 m

    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 b5.03 b20.61 b4.96 b5.09 b

    LPU

    		$3.12 $2.96 $3.11 $3.87 $3.62 $4.65 $4.78

    Average Revenue per Subscriber

    		$4.73 $4.76 $4.82 $5.58 $5.34 $6.30 $6.52
    Show all operating metrics

    Pandora Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    AdsWizzMarch 22, 2018$145 m
    Rdio IncNovember 16, 2015$75 m
    TicketflyOctober 06, 2015$450 m
    Next Big SoundMay 19, 2015
    KXMZJune 11, 2013
    Pandora Media Australia Pty Limited
    Pandora Media California
    PANDORA MEDIA LIMITED

    Pandora Revenue Breakdown

    Embed Graph

    Pandora revenue breakdown by business segment: 5.2% from Ticketing service, 21.5% from Subscription and other and 73.3% from Advertising

    Pandora revenue breakdown by geographic segment: 99.3% from United States and 0.7% from Other

    Human Capital Metrics

    Source: www.pandora.com, www.visualcapitalist.com
    Pandora's employees are reported to be approximately 49% female and 51% male.
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    Competitors

    Spotify
    Media & Entertainment - Public
    iHeartMedia
    Media & Entertainment - Public
    8tracks Radio
    Media & Entertainment - Private
    Slacker Radio
    Media & Entertainment - Subsidiary
    SoundCloud
    Media & Entertainment - Private
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    Pandora Online and Social Media Presence

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    Pandora News and Updates

    November 14, 2018

    Background Music Market Analysis By Top Players – Mood Media, PlayNetwork, TouchTunes, Usen Corporation, SiriusXM for Business, Pandora for Business, Almotech, Imagesound, NSM Music

    Worldwide Market Reports has announced the addition of the “Global Background Music Market Size Status and Forecast 2022”, The report classifies the global Background Music Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining marke…
    November 13, 2018

    Pandora expands podcast inventory, creates Podcast Genome Project for recommendations

    Pandora Media Inc. on Tuesday announced that it was expanding its podcast inventory and creating a new recommendation tool that will allow users of the music streaming service to better locate podcasts that could be of interest to them. The company created the Podcast Genome Project, a play on its …
    November 13, 2018

    Pandora launches Podcast Genome Project for personalized recommendations

    Pandora will now offers podcast recommendations through its Podcast Genome Project, which uses AI to better understand each individual's taste in podcasts.
    November 13, 2018

    Pandora brings its Genome technology to podcast recommendations

    Earlier this year, Pandora challenged Spotify’s personalization capabilities by using its Music Genome technology to create dozens of customized playlists for its users. Today, it will begin leveraging similar technology to do the same for podcasts. The Podcast Genome Project, as it’s called, is now…
    November 08, 2018

    Moore Kuehn, PLLC Announces an Investigation of Pandora Media, Inc. Acquisition

    NEW YORK, Nov. 8, 2018 /PRNewswire/ -- Moore Kuehn, PLLC is investigating potential claims for breach of fiduciary duty involving the directors and officers of Pandora Media, Inc. (NYSE: P). On September 24, 2018, Pandora announced a proposed acquisition of the company by Sirius XM...
    November 06, 2018

    Charm-bracelet maker Pandora warns again on sales

    COPENHAGEN (Reuters) - Danish charm-bracelet maker Pandora cut its 2018 sales outlook for a second consecutive quarter and ditched its long-term revenue ambition as the leaderless company struggles to regain its edge.
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    Pandora Company Life and Culture

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     Pandora Frequently Asked Questions

    • When was Pandora founded?

      Pandora was founded in 2000.

    • Who are Pandora key executives?

      Pandora's key executives are Roger Lynch, Steve Bené and Naveen Chopra.

    • How many employees does Pandora have?

      Pandora has 1,938 employees.

    • What is Pandora revenue?

      Latest Pandora annual revenue is $1.5 b.

    • What is Pandora revenue per employee?

      Latest Pandora revenue per employee is $756.9 k.

    • Who are Pandora competitors?

      Competitors of Pandora include Spotify, iHeartMedia and 8tracks Radio.

    • Where is Pandora headquarters?

      Pandora headquarters is located at 2100 Franklin St Suite 700 , Oakland.

    • Where are Pandora offices?

      Pandora has offices in Birmingham, Atlanta, Dallas, New York and in 3 other locations.

    • How many offices does Pandora have?

      Pandora has 7 offices.