MKM Partners Downgrades Pandora (P) to Neutral

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Record Companies and Pandora Reach Agreement On Pre-1972 Recordings

October 22, 2015 4:05 PM EDT

WASHINGTON & OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P) and a coalition of independent and major record companies announced today that they have agreed to a $90 million settlement for Pandoras use of recordings created before 1972.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151022006505/en/

The confidential settlement is between Pandora and ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings and Warner Music Group. The settlement... More

Pandora Reports Q3 2015 Financial Results

October 22, 2015 4:02 PM EDT

Total RPMs reached a record $60.52, growing 26% year-over-year; Ad RPMs were up 28% year over year to a record $56.84 Q3 2015 total revenue was $311.6 million, growing 30% year-over-year Q3 2015 advertising revenue was $254.7 million, growing 31% year-over-year Q3 2015 total mobile revenue was $255.2 million, growing 36% year-over-year Q3 2015 local advertising revenue was $63.5 million, growing 52% year-over-year

OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P), the worlds most powerful music discovery platform, today announced financial... More