January 16, 2017

If we learned anything from Pandora in 2016, we learned that they’re unpredictable. From replacing CEO Brian McAndrews with founder Tim Westergren to premium product changes and new licensing deals, Pandora is a moving target. This year is proving to be more of the same, just two weeks in. The latest Pandora news came from the company on Thursday when they announced that they would likely exceed guidance for the fourth quarter, due to strong advertising performance and a growing customer base of 4.3 million subscribers. Wall Street responded with a 6 percent increase in stock. On January 13, stock closed at $12.76. By comparison, Pandora stock was $9.90 on January 14, 2016.