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Pandora Media Inc (P.N)

P.N on New York Stock Exchange

4.54USD
16 Jan 2018
Change (% chg)

$-0.05 (-1.09%)
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Latest Key Developments (Source: Significant Developments)

Pandora Media Says Entered Into Credit Agreement Under Which Lenders Secured Revolving Credit Facility Of Up To $50 Mln
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Pandora Media Inc ::PANDORA MEDIA - ON DEC 29, CO ENTERED INTO CREDIT AGREEMENT UNDER WHICH LENDERS COMMITTED TO CO SECURED REVOLVING CREDIT FACILITY OF UP TO $200 MILLION.PANDORA MEDIA SAYS REVOLVING CREDIT FACILITY HAS POTENTIAL FOR SUBSEQUENT INCREMENTAL INCREASE OF UP TO $50 MILLION - SEC FILING.PANDORA MEDIA - ‍PRIOR TO ENTERING INTO CREDIT AGREEMENT, CO TERMINATED PREVIOUS FACILITY UNDER CREDIT AGREEMENT, DATED AS OF MAY 13, 2011​.  Full Article

Pandora Media to resale up to 480,000 shares of Series A convertible preferred stock
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Pandora Media Inc :Pandora Media - resale of up to 480,000 shares of Series A convertible preferred stock & up to 62 million shares of common stock by selling stockholders.  Full Article

Pandora Media reports qtrly loss per share $‍0.34
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Pandora Media Inc :Pandora reports q3 2017 financial results.Q3 revenue $378.6 million versus I/B/E/S view $380.6 million.Pandora Media Inc qtrly ‍total subscribers were 5.19 million, growing 29% year-over-year​.Pandora Media Inc qtrly ‍subscription revenue was $84.4 million, growing 50% year-over-year​.Pandora Media Inc qtrly loss per share $‍0.34​.Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.  Full Article

Sirius XM radio reports 15.96 pct stake in Pandora Media
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Sirius XM::Sirius XM Radio Inc reports 15.96 pct stake in Pandora Media Inc as of Sept 22 - SEC filing ‍​.Sirius XM Radio​ says may communicate with board of pandora media, members of management and/or other stockholders to "enhancing stockholder value".  Full Article

Corvex Management LP cuts stake in Pandora Media ‍​to 4.7 pct
Thursday, 28 Sep 2017 

Sept 28 (Reuters) - Pandora Media Inc :Corvex Management LP cuts stake in Pandora Media Inc ‍​to 4.7 percent as of September 27 from 8.8 percent stake as of February 16 - SEC Filing.  Full Article

Pandora launches Video Plus for all advertisers
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Pandora Media Inc :Pandora launches video plus for all advertisers.Pandora Media Inc - ‍Video Plus ad product enables brands to pay only when users watch 15 seconds of a video ad​.  Full Article

Pandora Media says ‍Roger Lynch to receive annual base salary of $650,000
Monday, 14 Aug 2017 

Aug 14 (Reuters) - Pandora Media Inc -:Pandora Media-‍roger J. Lynch to receive annual base salary of $650,000, to be eligible for annual target bonus equal to 100% of his base salary​.Pandora Media-‍lynch's offer letter also provides for grant of rsu valued at $3.3 million with a four-year service-based vesting period - sec filing​.  Full Article

Pandora appoints Roger Lynch as chief executive officer
Monday, 14 Aug 2017 

Aug 14 (Reuters) - Pandora Media Inc -:Pandora announces appointment of Roger Lynch as chief executive officer.Pandora Media Inc - ‍michael Lynton, chairman of Snap Inc., also joins board​.Pandora Media Inc - ‍roger Lynch has been appointed ceo and president at pandora​.Pandora media inc - ‍naveen Chopra, who has served as pandora's interim ceo since June 2017, will continue in his role as chief financial officer​.  Full Article

Pandora Media plans to discontinue business activities in Australia and New Zealand‍​
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - Pandora Media Inc :On June 27, 2017, announced plan to discontinue business activities in Australia and New Zealand‍​ - SEC filing.Discontinuation of business in Australia and New Zealand led to reduction of headcount of approximately 50 employees.Dissolution of Australia and New Zealand business operations expected to be completed in the three months ended September 30.Do not expect restructuring charges from Australia and New Zealand to have a material impact on financial statements.  Full Article

Pandora Media Q2 loss per share $1.20
Monday, 31 Jul 2017 

July 31 (Reuters) - Pandora Media Inc ::Pandora reports q2 2017 financial results.Q2 revenue $376.8 million versus I/B/E/S view $368.7 million.Pandora Media Inc - ‍active listeners were 76.0 million at end of q2 of 2017​.Pandora Media Inc qtrly loss per share $1.20.Q2 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Pandora Media Inc - ‍total paid subscribers increased from 3.93 million in Q2 2016 to 4.86 million in Q2 2017​.Pandora Media Inc - q2 2017 ad revenue was $278.2 million, growing 5 percent year-over-year.Pandora Media Inc - ‍total listener hours were 5.22 billion for q2 of 2017, compared to 5.66 billion for same period of prior year​.  Full Article

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