Plus Pages

Friday, October 24, 2014

Pandora Earnings Shine, Listener Hours Are Light

  • Total revenue was $239.6 million, representing year-over-year growth of 42% and 40% on a GAAP and non-GAAP basis
  • Total mobile revenue was $188.0 million, growing 52% and 50% year-over-year on a GAAP and non-GAAP basis
  • Local advertising revenue was $41.8 million, growing 118% year-over-year
  • Share of total U.S. radio listening for Pandora in September 2014 was 9.06%, an increase from 7.77% at the same time last year
Pandora Thursday announced financial results for the third quarter ended September 30, 2014.

Brian McAndrews
"Our business is on-track and operating as planned, with accelerating advertising revenue growth and record RPMs, the result of increased mobile monetization and scale", stated Brian McAndrews, Chairman, President and CEO of Pandora.

"At the same time we're excited to have established Pandora AMP, the Artist Marketing Platform, generated from tens of billions of hours of personalized listening. Pandora AMP offers meaningful data and insights to all 125,000-plus artists played on the service, and will help artists with critical decisions such as tour routing, set lists and title tracks."

Third Quarter 2014 Financial Results
  • Revenue: For the third quarter of 2014, total revenue was $239.6 million, a 40% year-over-year increase on a non-GAAP basis1. Advertising revenue was $194.3 million, a 44% year-over-year increase. Subscription and other revenue was $45.3 million, a 25% year-over-year increase on a non-GAAP basis.
  • Listener Hours: Total listener hours grew 25% to 4.99 billion for the third quarter of 2014, compared to 3.99 billion for the same period last year.
  • Active Listeners: Active listeners grew 5.2% to 76.5 million at the end of the third quarter of 2014, compared to 72.7 million from the same period last year.

No comments:

Post a Comment