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
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