FBN Securities Raises Price Target on Pandora (P) to $15 Following 4Q Preannouncement
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Pandora Expects to Exceed Q4 2016 Guidance, Citing Subscription Momentum and RPM Growth
January 12, 2017 5:05 PM ESTUndertakes operational efficiency measures to reinforce commitment to focused execution and cost discipline
OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P) announced today it expects to exceed previously announced Q4 2016 revenue and adjusted EBITDA guidance ranges1 given strong advertising performance and has surpassed 4.3 million in paid subscription customers.
During the fourth quarter, we accelerated our core advertising business, increased advertising RPM and saw strong improvements in adjusted EBITDA, said Tim Westergren, CEO of Pandora. Now, with all of the elements of our strategy in place, we are in the best... More
