Pandora Media (P $13.59 +1.12) reported second quarter earnings of
$0.02 per share, excluding non-recurring items, $0.05 better than the Capital IQ
Consensus Estimate of ($0.03).
Revenues rose 117.5% year/year to $67 million versus the $61.5 million
consensus.
For the third quarter, the company expects to see earnings of ($0.02) to $0.00
versus the ($0.01) Capital IQ Consensus Estimate; sees third quarter revenues of
$69.5 million to $72.5 million versus the $69.69 million Capital IQ Consensus
Estimate.
Total listener hours were ~1.8 billion for the second quarter fiscal 2012, an
increase of 125% compared to ~0.8 billion for the second quarter fiscal 2011.
Estimated share of total U.S. radio listening at the end of Q2 was 3.6%, up from
1.8% a year prior.






