Pandora Moves For Speedy Recovery! | MUSIK !D TV NEWS
Pandora distributed its 2017 fourth quarter proceeds on February 21st. The fourth quarter states $395.3 million in interest, noticing 7% growth year-over-year. Also, there has been a 25% boost in subscribers yearly, calculating 5.48 million completely. The advertising proceeds were $297.7 million, increasing 12% yearly. Although, GAAP net loss was $44.7 million correlated to a net loss of $90 million over the same quarter last year and rearranged EBITDA was $5.8 million. “While we’re the largest ad-supported music service and we intend to press this advantage, I see significant opportunity to grow our subscription business and utilize the tactics I’ve learned from running three other subscription businesses prior to this.” – Roger Lynch, CEO & President of Pandora What do you guys think? Let us know in the comment section down below.
