Pandora This fall Falls Brief With $268M In Income

Pandora Q4 Falls Short With $268M In Revenue

Pandora’s earnings report for the fourth quarter of 2014 disillusioned Wall Road, with income of $268 million and diluted earnings per share of 18 cents (that’s non-GAAP).

Meaning the corporate fell a bit in need of analyst expectations for EPS of 19 cents on particularly on income, the place analyst had predicted $276.5 million.

Subscription income was $forty seven.9 million (up 24 % yr-over-yr), whereas advert income was $220.1 million (up 36 %). The corporate’s earnings launch additionally highlights its success on cellular, which accounted for $209.5 million in income, which is seventy seven % of the full.

As for utilization, Pandora says it noticed 5.2 billion complete listener hours in This fall, up 15 % from the identical interval in 2013. There have been eighty one.5 million lively listeners, up 7 %.

Within the earnings press launch, President and CEO Brian McAndrews stated:

We now have spent the previous two years constructing our monetization capabilities and infrastructure to some extent the place we’re driving wholesome gross margins and are money move constructive. 2015 can be a yr through which we optimize Pandora’s potential for lengthy-time period progress. We enter the yr with power and concentrate on what comes subsequent –additional migrating radio budgets from terrestrial to digital, defining the way forward for cellular advertising and advancing Pandora’s main position in the way forward for the music business.

For the complete yr of 2014, Pandora noticed $906.6 million in non-GAAP income with diluted EPS of 20 cents per share.

As of four:29pm Japanese time, Pandora’s inventory is down greater than 20 % in after-hours buying and selling.