Pandora (P) Tops Q2 EPS by 1c, Revenues Beat

Pandora (NYSE: P) reported Q2 EPS of ($0.15), $0.01 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $384.8 million versus the consensus estimate of $372.78 million.

• Total Q2 Revenue was $384.8 million, growing 12% year-over-year excluding Australia, New Zealand & Ticketfly, exceeding top-end of guidance
• Q2 Subscription revenue was $113.7 million, growing 67% year-over-year excluding Australia, New Zealand & Ticketfly
• Ad hour trends improved for the third straight quarter
• Ad RPM hit an all-time Q2 high of $68.75, growing 4% year-over-year
• Added 351 thousand to approximately 6 million subscribers; which grew 23% year-over-year
• Announced partnerships with AT&T, Snap and Cheddar
• Completed the acquisition of AdsWizz and launched Audio Programmatic

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

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