|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's range||7.97 - 8.40|
|52-week range||4.09 - 9.98|
|PE ratio (TTM)||N/A|
|Earnings date||30 Jul 2018 - 3 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.40|
Pandora announces a new arrangement with AT&TBloomberg NewsThe Pandora Media application is seen in the App Store on an Apple iPhone. Pandora Media Inc. is one of the best performers in tech this year, with shares up nearly 75%. On the heels of a new partnership arrangement with AT&T Inc. (XNYS:T) Pandora’s (XNYS:P) Chief Financial Officer Naveen Chopra spoke with MarketWatch about how relationships with other tech companies can help the streaming-music pioneer drive more listeners to its products.
MARKET PULSE Shares of Electronic Arts Inc. (ea) are up 1.5% in premarket trading Friday after Needham analyst Laura Martin raised her price target on the stock to $170 from $135 and wrote that the company was in the midst of building the "Netflix for games.
Snapchat parent Snap (SNAP) and Pandora (P) have partnered in what seems to be a move to benefit from the other’s strength to tackle their respective competition and grow their businesses. Pandora is bringing its music service to Snapchat, allowing Pandora subscribers to send their favorite songs to friends and family across Snapchat. The partnership with Snapchat gives Pandora an opportunity to reach a larger audience, which could, in turn, expand its revenue opportunities.
Shares of Pandora Media Inc. are up 2.1% in Thursday morning trading after the company said it has a new partnership with Snapchat parent Snap Inc. . "Soon, Pandora listeners will be able to send their favorite songs to friends and family through unique song cards that celebrate album art on top of an animated background, and receivers will be able to swipe up to listen directly on Pandora," the music-streaming company said in a release. "This integration will expand Pandora's social sharing capabilities by reaching Snapchat's massive audience while enhancing music discovery across both platforms." The feature will soon be available to U.S. users and is part of Snap's new Snap Kit developer platform.
Pandora (NYSE:P), the largest music streaming service in the U.S., today announced that it will team up with Snap Inc. as the music streaming launch partner for Snap Kit, Snap’s new platform for developers.
Music streaming company Pandora (P) has launched a family version of its premium service for $14.99 per month. An annual subscription of the family version is also available at an annual $164.98 fee, which would save users a month’s subscription fee annually. Pandora is far behind Spotify (SPOT) and Apple (AAPL) Music in terms of paid subscribers, as the graph below shows. Pandora’s new family plan could help it compete with Apple Music and Spotify, which already offer family deals at an identical price.
Pandora (P) launched Family Plan for Pandora Premium to withstand growing competition from players like Apple Music, Spotify, Google and Amazon.
Media streaming company Pandora launches new family subscription plan "with a twist," says CEO Roger Lynch.
Pandora (NYSE:P), the largest streaming music service in the U.S., today announced the launch of its Premium Family Plan that provides all the benefits of ad-free, on-demand music with Premium, for up to six people under one billing account for just $14.99 a month. To go along with this new subscription plan, Pandora is launching the “Our Soundtrack” feature – an auto-generated personalized shared playlist, updated weekly, for each Premium Family Plan. “The Premium Family Plan creates a major opportunity for Pandora to gain new subscribers by giving listeners new ways to enjoy music with the people they love at an affordable price point,” said Roger Lynch, Chief Executive Officer, Pandora.
Pandora (NYSE: P), the largest music streaming service in the U.S., today announced it has completed its acquisition of AdsWizz, the global leader in digital audio advertising technology. “Audio is the fastest growing format in digital advertising and the marketplace is rapidly evolving,” said Pandora CEO Roger Lynch. “We built the AdsWizz platform using innovative technology in service of a simple idea: provide value to all stakeholders in the digital audio ecosystem - including brands, listeners and publishers - with relevant, engaged and highly targeted advertising experiences,” said Alexis van de Wyer, CEO of AdsWizz.
Pandora (NYSE:P), the largest music streaming service in the U.S., today announced it has completed its acquisition of AdsWizz, the global leader in digital audio advertising technology. “Audio is the fastest growing format in digital advertising and the marketplace is rapidly evolving,” said Pandora CEO Roger Lynch. “We built the AdsWizz platform using innovative technology in service of a simple idea: provide value to all stakeholders in the digital audio ecosystem - including brands, listeners and publishers - with relevant, engaged and highly targeted advertising experiences,” said Alexis van de Wyer, CEO of AdsWizz.
The company announced the extension of some convertible notes on Thursday night, and concerns about dilution likely contributed to the shares’ slide. On Thursday at a B. Riley conference, CFO Naveen Chopra responded to a question about recent statements by Liberty Media (FWONA) CEO Greg Maffei in which he alluded to “synergies” between Pandora Media and bankrupt radio company iHeartMedia, in which Liberty may be interested, as well as other assets—perhaps including Sirius XM (SIRI), which Liberty owns most of and also owns some of Pandora. Maffei, it should be noted, is Pandora’s (P) chairman, and Liberty is a part owner of Pandora.
Pandora has a total of 72.3 million users and hopes a higher percentage of those will use its premium service. Pandora stock has risen 33.2% since the company announced better-than-expected first-quarter results.
Pandora (P) is betting on programmatic advertising to turn around its dwindling fortunes in the advertising market. Its advertising revenue fell 3.9% YoY (year-over-year) to $214.6 million in the first quarter. Programmatic advertising is the automated buying and selling of online ad inventory, a model that has taken root in companies such as Facebook (FB) and Google (GOOGL).
Spotify’s (SPOT) first-quarter report as a public company was underwhelming, and its guidance for the current quarter disappointed. Spotify could have a much harder time meeting its goals for the current quarter, given Google’s (GOOGL) recent move of a revamped streaming music service. Google is launching YouTube Music to take on Spotify, Apple, Amazon (AMZN), and Pandora (P) in the multibillion-dollar online music service market.
Pandora (NYSE:P) today announced that in accordance with its previously announced agreements with certain holders of its existing 1.75% senior convertible notes due 2020 (the “2020 Notes”) to exchange an aggregate of approximately $192.9 million principal amount of 2020 Notes for a new series of 1.75% senior convertible notes due 2023 (the “New Notes”), as described more fully below (the “Exchange”), the conversion rate for the New Notes has been set at 104.4768 shares of common stock per $1,000 note, which is equivalent to an initial conversion price of approximately $9.57 per share of common stock (subject to adjustment upon the occurrence of certain events). The Exchange is being undertaken to extend the maturity of a portion of the 2020 Notes.
Pandora (NYSE:P) today announced that it has agreed with certain holders of its existing 1.75% senior convertible notes due 2020 (the “2020 Notes”) to exchange an aggregate of $192.9 million principal amount of 2020 Notes for a new series of 1.75% senior convertible notes due 2023 (the “New Notes”), as described more fully below (the “Exchange”). The Exchange is being undertaken to extend the maturity of a portion of the 2020 Notes. After completion of the Exchange, $152.1 million aggregate principal amount of 2020 Notes will remain outstanding, and $192.9 million aggregate principal amount of New Notes will be outstanding.
Shares in the world’s biggest jewelry maker, which is based in Copenhagen, slumped more than 8 percent at one point on Thursday, dragging it down to its lowest market value since February 2015. Investors started selling on advice from Carnegie, which slashed its share-price target by 43 percent and said clients should brace themselves for a Pandora “profit warning.” Carnegie based its prediction on “poor” first-quarter numbers, as well as concerns the company is doing badly in Italy and clear signs of a contraction in store productivity. At Danske Bank A/S, which owns Pandora stock via its $250 billion wealth management unit, the verdict is that sentiment has shifted and that the period of goodwill the company enjoyed earlier this year is over.
Shares in Spotify Technology and Pandora Media fell on Thursday as investors reacted to Google's YouTube business announcing plans to launch a new music streaming service on May 22.