Pandora (P):
Information Technology - Internet Software & Services | Reports July 31st, AMC.
The Estimize consensus calls for EPS of -$0.21, three cents higher than the Wall Street consensus and a decrease of 75% YoY. Currently, the Estimize community is looking for sales of $366.4M, which is roughly inline with the Street ($364.7M).
The online music streaming service will have investors eagerly awaiting their second quarter earnings, this will be the first quarter since Pandora accepted $480 million in funding from Sirius XM. This is in conjunction with the selling of their ticketing service, Ticketfly, for $200 million. Pandora looks to shift some of their resources to ad technology which will hopefully increase their advertising revenue. Investors will also be interested in the number of active users, in the first quarter Pandora saw a decline of 2.7 million listeners. The real question will be how many of those active users pay for the premium service which costs $9.99 a month.
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