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Pandora grows Q4 revenues more than expected

Friday 12 February 2016 | 08:51 CET | News
Digital music service Pandora reported fourth-quarter revenues up 25 percent year-over-year to 336.2 million, better than its forecast. Advertising revenue rose 22 percent to USD 269.0 million, and subscription revenues increased 19 percent to USD 57.0 million. Adjusted EBITDA fell to USD 24.8 million from USD 43.8 million in the same quarter of 2014. Excluding the impact of the acquisition of Ticketfly, adjusted EBITDA was USD 27.3 million, in line with the company's guidance. For the full year 2016, Pandora expects revenues to grow to USD 1.40-1.42 billion from USD 1.164 billion, while

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Categories: Internet
Companies: Pandora
Countries: United States
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