Home Music Business Pandora Releases Earnings Report and Stock Price Fluctuates

Pandora Releases Earnings Report and Stock Price Fluctuates

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Pandora Stock Fluctuates on Earnings Report and New Investment

Music streaming company Pandora saw fluctuations in stock prices after the announcement of the company’s earnings and news of $150 million in new investment. On Monday the company’s stock fell 2.62% at first and minutes later was up 3.37% after the investment announcement.

The company had smaller than expected losses in revenue, despite a dropping user-base, and also got the $150 million investment from KKR.

Hypebot reports:

Buoyed by the investment, Pandora executives spun a hopeful tale during the earnings call. But a later than expected full launch of Pandora Premium and slight downtick in use left more questions than answers about Pandora’s long term growth.

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