Speculation about Pandora’s future is running high again with the company’s release of its Q3 earnings and, more importantly, guidance for the fourth quarter and fiscal year 2013. For the third quarter of fiscal 2013, Pandora posted total revenue of $120 million, a 60 percent year-over-year increase. Advertising revenue was $106.3 million, a 61 percent year-over-year increase. Subscription and other revenue was $13.7 million, a 52 percent year-over-year increase. It reported a profit of $2.1 million, or a penny a share, up from $638,000 a year earlier.
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Pandora Slides Toward Fiscal Cliff
Posted by: Erika Morphy December 5, 2012 02:24 PMSpeculation about Pandora’s future is running high again with the company’s release of its Q3 earnings and, more importantly, guidance for the fourth quarter and fiscal year 2013. For the third quarter of fiscal 2013, Pandora posted total revenue of $120 million, a 60 percent year-over-year increase. Advertising revenue was $106.3 million, a 61 percent year-over-year increase. Subscription and other revenue was $13.7 million, a 52 percent year-over-year increase. It reported a profit of $2.1 million, or a penny a share, up from $638,000 a year earlier.