Pandora stock jumps 20% after CEO talks about partnerships, self-serve ad integration [MarketWatch]
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
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Source: MarketWatch
Pandora stock jumps 20% after CEO talks about partnerships, self-serve ad integration Pandora Media Inc. continues to make progress with its initiatives meant to drive listeners back to its platform, and the company has several new ad technologies that it hopes will make an impact going forward. Shares jumped nearly 20% in Wednesday morning trading, after the music-streaming pioneer released results that beat top- and bottom-line estimates . The company also issued better-than-expected guidance for the third quarter. Pandora could have its best single-day performance to date if stock gains exceed 19.8% during the session. “With the number of companies that have reported in the last week you’ve seen a mixed bag, especially for advertising-supported internet businesses,” said Pandora P, +22.27% Chief Executive Roger Lynch. “We didn’t see that. We had a very good quarter. We had very strong revenue, which was up 12%.” Pandora also announced Tuesday that it was making programmatic ads
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