Pandora Shows Growth in Q2, But Can It Survive a $275 Million Loss?
Revenue is up 10 percent, but will that be enough?
Last week internet radio company Pandora (NYSE: P) reported its financials for the second quarter of 2017. While revenue and subscription categories improved, the company continued to sustain an enormous net loss. Can it survive? Revenue highlights include total consolidated revenue of $376.8 million, a 10 percent increase year-over-year, advertising revenue of $278.2 million, a 5 percent increase year-over-year, subscription and other revenue of $68.9 million, a 25 percent increase year-over-year, and ticketing service revenue of $29.7 million, a 31 percent increase year-over-year. Revenue exceeded Pandora’s second quarter guidance.
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