Albert Fried Upgrades Pandora (P) to Buy on Solid Results, Fading 'Fair Pay' Momentum
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Pandora Reports Q2 2015 Financial Results
July 23, 2015 4:02 PM EDTTotal revenue for the trailing twelve month period exceeded $1 billion Total RPMs reached a record $53.91, growing 24% year-over-year; Ad RPMs were up 25% year over year to a record $49.94 Q2 2015 total revenue was $285.6 million, growing 30% year-over-year Q2 2015 advertising revenue was $230.9 million, growing 30% year-over-year Q2 2015 total mobile revenue was $229.7 million, growing 37% year-over-year Q2 2015 local advertising revenue was $58.9 million, growing 67% year-over-year Q2 2015 total listener hours were 5.30 billion, growing 5% year-over-year... More
