MI2N
Music Industry News Network
THURSDAY, JULY 20TH
Advanced Search
MusicDish Advertising Network
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Radio News (more headlines) 12-05-2012

Pandora Reports 3Q13 Financial Results

Bookmark and Share
Pandora, the leading Internet radio service, today announced financial results for the third quarter of fiscal 2013.

"This quarter exceeded our expectations as we monetized mobile at record levels and grew total mobile revenue 112%," stated Joe Kennedy, Chairman & CEO of Pandora. "During the quarter we launched Pandora 4.0, the biggest redesign on the iOS and Android platforms ever, bringing new, innovative and enhanced functionality to mobile devices for the first time for both users and advertisers."

Fiscal 3Q13 Financial Results

Total Revenue: For the third quarter of fiscal 2013, total revenue was $120.0 million, a 60% year-over-year increase. Advertising revenue was $106.3 million, a 61% year-over-year increase. Subscription and other revenue was $13.7 million, a 52% year-over-year increase.

Earnings per Share: For the third quarter of fiscal 2013, GAAP basic and diluted earnings per share were $0.01. Non-GAAP basic and diluted earnings per share were $0.05, excluding approximately $7.1 million in stock-based compensation. Basic earnings per share was based on 169.4 million weighted average shares outstanding and diluted earnings per share was based on 190.3 million weighted average shares outstanding.

Cash: For the third quarter of fiscal 2013, the company ended with $80.5 million in cash, cash equivalents and short-term investments, compared with $82.3 million at the end of the prior quarter. For the third quarter of fiscal 2013, Pandora's cash used in operating activities was approximately $878 thousand compared to cash provided by operating activities of $111 thousand in the year-ago quarter.

Other Business Metrics

Total listener hours: Total listener hours grew 67% to 3.56 billion for the third quarter of fiscal 2013, compared to 2.12 billion for the third quarter of fiscal 2012.

Guidance

Based on information available as of December 4, 2012, the company is providing financial guidance for the fourth quarter and fiscal year 2013 as follows:

4Q13 Guidance: Revenue is expected to be in the range of $120 million to $123 million. Non-GAAP loss per share is expected to be between ($0.06) and ($0.09). Non-GAAP loss per share excludes stock-based compensation expense, assumes minimal tax expense given our net operating loss position, and 171 million weighted average basic shares outstanding for the fourth quarter fiscal 2013.

Fiscal 2013 Guidance: Revenue is expected to be in the range of $422 million to $425 million. Non-GAAP loss per share is expected to be between ($0.09) and ($0.12). Non-GAAP loss per share excludes stock-based compensation expense, assumes minimal tax expense given our net operating loss position, and 168 million weighted average basic shares outstanding for fiscal 2013.


Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

Versatile Haitian American Singer/Songwriter Natalie Jean Releases New World Album

Sound Behavior Troupe Take A Swipe At Bay Area PC Culture In Latest Single

Handshake & Ice Cream Helps Artists Monetize Their Facebook Followers

NABIHA Comes Good On 'IOU' To Fans

Joe Deninzon & Stratospheerius Sign To Melodic Revolution Records

First Acts For ADE LIVE Announced: Hercules & Love Affair, Fatima Yamaha, Anna Of The North, Phlake, Vessels And More

Gospel Blues Singer/Songwriter, Kimberlee M. Leber, Reveals How To 'Fight The Good Fight Of Faith' In Her New Music Video



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Merlin Member Survey 2017
» Baserock Launches Immersive Bass-Frequency Backpack
» Killer Tracks Launches GUM Tapes
» MusicDish Review: Kenn Rowell Music Video "It's Good To Be Back"
» Edison Research: Broadcast Radio Controls More Than Three-Fifths Of Canadian Listening
» China Music Licensing Pioneer Mathew Daniel Moves To NetEase Cloud Music
» IndieNinja, An Artist Services Marketplace, Launches At A2IM Indie Week In NYC
» THE BIRTHPLACE OF COUNTRY MUSIC KICKS OFF A SUMMER OF PERFORMANCES, CAMPS AND WORKSHOPS
» Suzann Christine's New Single "Dope Queen"
» Legendary Musician Proud To Be Named New Animals Asia Ambassador


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» Music Streaming Service: The Next Frontier For Tesla And Elon Musk
» Generation Z: Meet The Young Millennials
» MusicDish Review: Xi'an Post-Punk Band FAZI 3rd Album "Heart Of Desire"
» Aloft Hotels And MTV Spotlight Top Asia Pacific Music Talent
» Canadian Sounds In China (CSC)
» QQMusic: From Streaming Service To Integrated Music Content Producer
» Music Works International Expands Team, Roster And Global Reach
» BMG Partners With Chinese Social Network Momo
» MusicDish Music Releases In China: SLC, HearIM, Tom Ricci, Voodoo Swing
» ASCAP And YouTube Reach Multi-Year Agreement For US Performance Rights
» Supreme Court Rules Unanimously In Favor Of The Slants
» Longtail Music Provides An Alternative To The On-Demand Algorithm

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2017 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.