Pandora to cut 5 percent of jobs [Reuters]
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.pandora.com
Company Research
Source: Reuters
Pandora to cut 5 percent of jobs | Reuters Reuters Staff 2 Min Read (Reuters) - Pandora Media Inc will cut 5 percent of its workforce and take other measures to save costs, as it battles intense competition in the online music streaming market. Shares of the company were up 2.5 pct in extended trading on Wednesday. Pandora said the move would result in annual savings of about $45 million to adjusted earnings before interest, taxes, depreciation and amortization. The company currently has 2,488 employees, according to Thomson Reuters data. “The redesign shifts resources to focus on ad-tech and audience development efforts...,” it said in a statement. The online music streaming industry has become a battleground for market share, with companies such as Apple Inc and Alphabet’s Google bolstering their services to attract new users. Pandora said it expected a lower percentage of revenue in full-year 2018, hurt by operating expenses required for cost cuts. The company also disclosed its pl
Show less
Read more
Impact Snapshot
Event Time:
P
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
P alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
P alerts
High impacting PANDORA MEDIA news events
Weekly update
A roundup of the hottest topics