Pandora (P) Tops Q2 EPS by 3c, Sales Beat

Pandora (NYSE: P) reported Q2 EPS of ($0.21), $0.03 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $376.8 million versus the consensus estimate of $368.87 million.

• Ad RPM grew to $66.15 in Q2 2017 from $53.34 in Q2 2016, growing 24% year-over-year
• Q2 2017 total consolidated revenue was $376.8 million, growing 10% year-over-year
• Q2 2017 ad revenue was $278.2 million, growing 5% year-over-year
• Q2 2017 subscription revenue was $68.9 million, growing 25% year-over-year
• Q2 2017 local revenue pushed above 30% of total ad revenue for the first time
• Q2 2017 showed strong engagement, with listeners tuning in an average 26 days per quarter and approximately 23 hours per month

For earnings history and earnings-related data on Pandora (P) click here.

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