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(2018-09-20)
    $2.5 B
    Active Users(Q2, 2018)
    71.4 M
    TypePublic
    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
    Naveen Chopra

    Naveen Chopra

    CFO
    Dave Geary

    Dave Geary

    VP Business Operations
    Lizzie Widhelm

    Lizzie Widhelm

    SVP Ad Innovation and Sales Enablement
    Scott Walker

    Scott Walker

    SVP Strategy and Analytics
    Liz Lacey

    Liz Lacey

    VP, Sales Marketing
    Show more

    Pandora Office Locations

    Pandora has offices in Birmingham, Dallas, Atlanta, New York and in 3 other locations
    Oakland, US (HQ)
    2101 Webster St. Suite 1650
    Atlanta, US
    1520 BB&T Tower 271 17th St NW
    Birmingham, US
    100 380 N Old Woodward Ave
    Chicago, US
    850 One Prudential Plaza 130 E Randolph St
    Dallas, US
    830 1717 McKinney Ave
    New York, US
    19th Floor 125 Park Ave
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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 (Q2, 2018)

    		384.8 m

    Gross profit (Q2, 2018)

    		157.9 m

    Gross profit margin (Q2, 2018), %

    		41%

    Net income (Q2, 2018)

    		(92 m)

    EBIT (Q2, 2018)

    		(94.1 m)

    Market capitalization (20-Sep-2018)

    		2.5 b

    Closing stock price (20-Sep-2018)

    		9.4

    Cash (30-Jun-2018)

    		293 m

    EV

    		2.5 b
    Pandora's current market capitalization is $2.5 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		920.8 m1.2 b1.4 b1.5 b

    Revenue growth, %

    		26%19%6%

    Cost of goods sold

    		508 k697.3 k894.9 m967.1 m

    Gross profit

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

    Revenue

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

    Cost of goods sold

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

    Gross profit

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

    Gross profit Margin, %

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

    Cash

    		176 m334.7 m199.9 m499.6 m

    Accounts Receivable

    		218.4 m277.1 m309.3 m336.4 m

    Prepaid Expenses

    		15.4 m35.9 m33.2 m19.2 m

    Current Assets

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

    Cash

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

    Accounts Receivable

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

    Prepaid Expenses

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

    Current Assets

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

    Net Income

    		(30.4 m)(169.7 m)(343 m)(518.4 m)

    Depreciation and Amortization

    		15.4 m24.5 m60.8 m62.9 m

    Inventories

    Accounts Payable

    		4.8 m18.1 m5.3 m9.1 m
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

    Net Income

    		(48.3 m)(64.3 m)(150.3 m)(115.1 m)(191.4 m)(253 m)(132.3 m)(407.4 m)(473.6 m)(131.7 m)(223.7 m)

    Depreciation and Amortization

    		4.3 m9.4 m15.2 m13.3 m27.6 m43.5 m17.7 m35.1 m49.1 m13.8 m28.1 m

    Accounts Payable

    		8.1 m12 m29.6 m(3.5 m)(17.4 m)(5 m)13.2 m15.1 m(257 k)4.7 m3.6 m

    Cash From Operating Activities

    		27 m17.1 m28.9 m(13.1 m)(58.6 m)(179.1 m)(36 m)(139.4 m)(218.6 m)17.4 m(32 m)
    show all
    USDY, 2018

    EV/EBIT

    		-26.1 x

    EV/CFO

    		-76.9 x

    Debt/Equity

    		2.8 x

    Debt/Assets

    		0.2 x

    Financial Leverage

    		12.9 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.visualcapitalist.com
    Pandora's employees are reported to be approximately 48% female and 52% male.
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    Competitors

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

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    Pandora News and Updates

    September 20, 2018

    Global Cloud Music Services Market 2018-2023 with Apple, Inc., Spotify, Amazon, Microsoft Corporation, Pandora, and Sound Cloud Dominating

    DUBLIN, Sept 20, 2018 /PRNewswire/ -- The "Cloud Music Services Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering. The cloud music services market is projected to expand at a CAGR of 12.46% over the forecast period of 2018 to 2023 Cloud Music ...
    September 18, 2018

    Pandora Soars After Report That PE Funds May Buy Jewelry Maker

    Pandora Soars After Report That PE Funds May Buy Jewelry Maker
    September 17, 2018

    Pandora takes on Spotify’s Release Radar with its newest playlist, The Drop

    Pandora is taking on Spotify with the launch of a new personalized playlist, The Drop, announced this morning. Similar to Spotify’s Release Radar, The Drop will also focus on new releases from artists its listeners care about. New tracks are added to the playlist on the day they’re released, the com…
    September 12, 2018

    Pandora target price hiked to $13 at Needham

    Needham analyst Laura Martin on Tuesday raised her Pandora Media Inc. price target to $13 from $8 on optimism for the company's ability to accelerate subscriber growth and lower its customer acquisition costs. Following meetings with management, she was intrigued by the company's plans to set a min…
    September 10, 2018

    Music Streaming Market 2018 Global Analysis By Key Players – Apple, Deezer, Google, iHeartMedia, Pandora Media, Spotify

    WiseGuyReports.Com Publish a New Market Research Report On –“ Music Streaming Market 2018 Global Analysis By Key Players – Apple, Deezer, Google, iHeartMedia, Pandora Media, Spotify”. Posted via Industry Today. Follow us on Twitter @IndustryToday
    September 10, 2018

    Pandora making strides but user-growth problems persist, says Morgan Stanley

    Morgan Stanley analyst Benjamin Swinburne reiterated his neutral view of Pandora Media Inc. on Monday, following an 84% rise in the company's stock over the past 12 months. "Management has taken some positive operational steps, which has reinforced the expectation for a return to "core" (ex-AdsWizz…
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    Pandora Company Life and Culture

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