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Saw this on the tarmac at Auckland Airport...Love it
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Apr 11 2014 19:33 GMT jmcdh
Nice one Andrew
Dec 06 2014 17:48 GMT dressesvintage
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iwc The Iowa Wesleyan College baseball team was swept by St. Louis Intercollegiate Athletic Conference foe Greenville in a three-game series over the weekend. iwc The Tigers fell by a score of 3-2 in game one. They scored both runs in the second inning, but ...
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Pandora Falls as Spending to Promote Service Cuts Outlook
By Cliff Edwards and Anousha Sakoui
- Comments
pandora Pandora Media Inc. (P) tumbled the most
in more than a year after telling investors it will spend
aggressively on marketing to defend its lead in online radio, a
move that will dent profit.
pandora jewelry sale For the current second quarter, Pandora forecasts break-even to 3 cents a share in profit, according to a statement
yesterday from the Oakland, California-based company. That’s
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pandora jewelry sale Pandora is spending more to attract and keep listeners.
First-quarter marketing outlays increased 63 percent to $61.9
million, the company said, roughly in line with its growing
revenue. Content costs grew 26 percent to $108.3 million.
pandora outlet stores “We have said we invest aggressively in the front half as
we are building sales teams,” Chief Financial Officer Michael Herring said in a telephone interview. “Our investment curve is
higher than the Street expected. It is a lot of work to provide
the best music service available.”
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First Quarter
The net loss for the first quarter narrowed to $28.9
million, or 14 cents a share, from $38.7 million, or 22 cents, a
year earlier, Pandora said. Sales advanced 69 percent to $194.3
million. Non-GAAP revenue was $180.1 million, up 54 percent.
Analysts had estimated $174.9 million, on average.
The company makes money from ad sales and ad-free
subscriptions. Prices for the paid service will rise in May to
$4.99 a month for new users, from $3.99, Pandora said last
Audience data released yesterday showed listener hours grew
12 percent to 4.8 billion in the first quarter from a year
earlier. Active listeners rose 8 percent to 75.3 million.
Ad revenue for Internet music and radio companies is
projected to grow 35 percent this year to $1.2 billion,
according to researcher SNL Kagan, and reach $2 billion by 2017.
Pandora faces a copyright infringement lawsuit in New York
State Supreme Court from major record labels accusing the
company of failing to pay for music recorded before 1972.
The company had been fighting the American Society of
Composers, Authors and Publishers for lower fees. If it has to
pay to license pre-1972 music, it might have to remove the
recordings from its service, Pandora said in a filing this year
with the U.S. Securities and Exchange Commission.
To contact the reporters on this story:
Cliff Edwards in San Francisco at
cedwards28@bloomberg.net ;
Anousha Sakoui in London at
To contact the editors responsible for this story:
Anthony Palazzo at
Rob Golum, Niamh Ring
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

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