$2.4 B

P Mkt cap, 14-Nov-2018

$417.6 M

Pandora Revenue Q3, 2018
Pandora Gross profit (Q3, 2018)156.1 M
Pandora Gross profit margin (Q3, 2018), %37.4%
Pandora Net income (Q3, 2018)-63.7 M
Pandora EBIT (Q3, 2018)-58.5 M
Pandora Cash, 30-Sep-2018287.5 M
Pandora EV2.4 B

Pandora Revenue

Pandora revenue was $1.47 b in FY, 2017 which is a 5.9% year over year increase from the previous period.

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Pandora Revenue Breakdown

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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

Pandora Income Statement

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

Gross profit Margin, %

100%100%35%34%

Sales and marketing expense

277.3m398.2m491.5m492.5m

R&D expense

53.2m84.6m141.6m154.3m

General and administrative expense

112.4m153.9m175.6m190.7m

Operating expense total

442.9m636.7m808.7m992.6m

EBIT

(30.1m)(170.0m)(318.8m)(492.9m)

EBIT margin, %

(3%)(15%)(23%)(34%)

Interest expense

2.0m26.1m29.3m

Pre tax profit

(29.8m)(169.7m)(343.2m)(519.2m)

Income tax expense

(584.0k)(1.5m)(228.0k)(790.0k)

Net Income

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

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%

Sales and marketing expense

84.3m94.0m107.3m112.5m117.6m123.8m116.5m133.3m125.1m145.9m107.6m114.0m124.2m125.4m124.8m

R&D expense

15.9m18.7m21.8m27.9m35.8m33.8m33.7m38.0m39.6m41.2m39.5m34.0m35.9m40.4m42.6m

General and administrative expense

36.8m38.8m35.6m43.0m46.3m40.6m41.8m47.0m44.5m58.0m48.2m40.1m41.6m53.6m47.3m

Operating expense total

136.9m151.6m164.7m183.4m199.8m198.2m191.9m218.2m209.2m400.5m195.2m188.1m201.7m219.3m214.6m

EBIT

(48.4m)(16.2m)(85.9m)(19.5m)(109.4m)(71.9m)(55.2m)(82.3m)(124.8m)(267.5m)(58.9m)(41.6m)(126.9m)(94.1m)(58.5m)

EBIT margin, %

(21%)(6%)(28%)(6%)(37%)(21%)(16%)(21%)(39%)(71%)(16%)(11%)(40%)(24%)(14%)

Interest expense

131.0k124.0k131.0k1.6m6.2m6.2m6.5m7.2m7.4m6.2m7.6m7.0m7.3m6.7m6.8m

Pre tax profit

(48.2m)(15.9m)(85.9m)(21.2m)(114.7m)(77.9m)(61.1m)(89.5m)(131.9m)(274.9m)(66.0m)(46.4m)(131.6m)(99.1m)(63.5m)

Income tax expense

(59.0k)(115.0k)(32.0k)(1.8m)(421.0k)(1.5m)412.0k483.0k334.0k277.0k266.0k(1.7m)(74.0k)(7.1m)125.0k

Net Income

(48.3m)(16.1m)(85.9m)(19.4m)(115.1m)(76.3m)(61.5m)(90.0m)(132.3m)(275.1m)(66.2m)(44.7m)(131.7m)(92.0m)(63.7m)

Pandora Balance Sheet

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

PP&E

35.2m42.9m66.4m124.1m116.7m

Goodwill

30.4m306.7m71.2m

Total Assets

673.3m749.3m1.2b1.2b1.2b

Accounts Payable

14.4m10.8m17.9m15.2m14.9m

Current Liabilities

156.0m149.2m231.8m254.1m226.3m

Long-term debt

234.6m342.2m273.0m

Total Debt

234.6m342.2m273.0m

Total Liabilities

165.1m16.6m497.3m630.6m522.8m

Common Stock

23.0k24.0k24.0k25.0k

Additional Paid-in Capital

675.1m781.0m1.1b1.3b1.4b

Retained Earnings

(166.6m)(197.0m)(366.7m)(709.6m)(1.3b)

Total Equity

508.2m583.4m(743.4m)554.3m152.7m

Debt to Equity Ratio

-0.3 x0.6 x1.8 x

Debt to Assets Ratio

0.2 x0.3 x0.2 x

Financial Leverage

1.3 x1.3 x-1.6 x2.1 x7.6 x

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

PP&E

46.7m54.7m56.4m81.4m102.0m118.5m128.8m120.8m117.7m114.5m110.6m107.8m

Goodwill

407.0k23.1m304.8m306.7m306.7m306.4m71.2m71.2m71.2m178.9m178.9m

Total Assets

749.9m780.4m820.7m1.2b1.2b1.2b1.1b1.0b1.2b1.1b1.2b1.2b

Accounts Payable

14.9m16.4m20.1m9.9m6.1m14.0m21.2m12.8m8.4m15.8m17.7m28.4m

Current Liabilities

172.0m189.7m279.8m251.4m254.6m259.0m254.1m265.8m218.2m240.3m295.2m326.0m

Long-term debt

239.0m243.5m337.4m347.2m352.2m267.4m278.4m250.3m255.3m

Total Debt

239.0m243.5m337.4m347.2m352.2m267.4m278.4m250.3m255.3m

Total Liabilities

187.2m204.9m298.1m521.9m530.9m629.9m635.2m643.6m512.6m541.4m571.4m606.9m

Common Stock

23.0k23.0k23.0k24.0k24.0k24.0k24.0k24.0k25.0k26.0k27.0k27.0k

Additional Paid-in Capital

808.1m837.4m870.5m1.2b1.2b1.2b1.3b1.3b1.4b1.5b1.6b1.6b

Retained Earnings

(245.3m)(261.3m)(347.2m)(481.8m)(558.1m)(619.6m)(843.1m)(1.1b)(1.2b)(1.4b)(1.5b)(1.6b)

Total Equity

562.7m575.5m522.7m670.4m628.3m607.0m462.9m213.9m169.3m45.3m90.8m52.6m

Debt to Equity Ratio

0.4 x0.4 x0.6 x0.8 x1.6 x1.6 x6.1 x2.8 x4.9 x

Debt to Assets Ratio

0.2 x0.2 x0.3 x0.3 x0.3 x0.2 x0.3 x0.2 x0.2 x

Financial Leverage

1.3 x1.4 x1.6 x1.8 x1.8 x2 x2.4 x4.8 x6.9 x24 x12.9 x22.3 x

Pandora Cash Flow

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 Receivable

(55.9m)(55.1m)(35.7m)(36.8m)

Accounts Payable

4.8m18.1m5.3m9.1m

Cash From Operating Activities

21.0m(42.1m)(181.7m)(210.7m)

Purchases of PP&E

(30.0m)(23.5m)(59.8m)(15.7m)

Cash From Investing Activities

(112.2m)(102.3m)(52.2m)129.9m

Cash From Financing Activities

21.7m303.1m99.8m380.2m

Net Change in Cash

(69.8m)158.7m(134.7m)299.7m

Interest Paid

18.0k351.0k7.2m9.0m

Income Taxes Paid

26.0k389.0k297.0k209.0k

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 Receivable

(13.2m)(33.5m)29.2m(16.1m)(45.8m)38.5m12.1m(8.3m)44.9m12.6m(11.3m)67.2m16.1m(20.2m)

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)

Purchases of PP&E

(16.3m)(23.2m)(4.3m)(14.6m)(21.3m)(14.4m)(34.6m)(46.4m)(2.0m)(8.5m)(12.9m)(3.4m)(5.0m)(7.3m)

Cash From Investing Activities

(93.6m)(110.0m)16.4m6.1m32.0m(18.9m)(40.4m)(43.8m)1.5m5.2m135.1m(62.2m)(173.6m)(152.3m)

Long-term Borrowings

(90.0m)

Cash From Financing Activities

15.0m17.6m1.8m5.2m6.5m913.0k2.9m96.2m5.2m169.2m376.6m(2.0k)(2.3m)(1.6m)

Net Change in Cash

45.1m28.1m67.0m(31.2m)(96.3m)(127.0m)(29.1m)35.2m293.2m(44.9m)(207.9m)(213.3m)

Interest Paid

246.0k314.0k219.0k1.3m107.0k5.3m3.3m896.0k4.8m5.8m249.0k3.5m3.7m

Pandora Ratios

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
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Pandora Operating Metrics

Pandora's Active Users was reported to be 71.4 m in Q2, 2018. Pandora's Paying Subscribers was reported to be 6 m in Q2, 2018. Pandora's Monthly Unique Users was reported to be 32.6 m in Q1, 2017.
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Pandora Human Capital

Pandora's employees are reported to be approximately 49% female and 51% male.

Job Roles

Aug, 2017
Female employees in the Technical Department11.5 %
Male employees in the Technical Department38.5 %
Female Management Percent19 %
Male Management Percent31 %
Aug, 2017Y, 2016Q2, 2016Y, 2014
Female49 %48 %49 %49 %
Male51 %52 %51 %51 %
Aug, 2017Y, 2016Q2, 2016Y, 2014
White65 %64.4 %71 %71 %
Hispanic8 %7.9 %7 %7 %
Asian16 %15.8 %12 %12 %
Other11 %5.9 %10 %4 %
Multi Ethnicity5.9 %6 %
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Pandora Employee Rating

3.3306 votes
Culture & Values
3.8
Work/Life Balance
4.3
Senior Management
3.0
Salary & Benefits
3.4
Career Opportunities
3.1
Source