Boston, MA 11\/25\/2013 (wallstreetpr) – Looking at the trading at the closing of last week, it is clear investors were disappointed by Pandora Media Inc (NYSE:P)\u2019s Q3 data released in the course of last week. The internet music service company\u2019s per share earnings came in at $0.00 at a time when investors were hoping for at least a cent in this column. As a result, the ticker suffered on the browser and completed the week bruised 1.52%. It seems that in last week\u2019s hurried investor action, nobody remembered how far the stock has come in the past 12 months. Moreover, no one had time to scroll down the figures to see that the company\u2019s revenue was actually up more than 50% in the quarter from the year before. Equally shrouded was the fact that P is competing fairly against established radio stations.<\/p>\n
Considering Pandora Media Inc (NYSE:P)\u2019s performance, the company did deliver what any good company would do under the circumstances it operates. First, the ticker is up about 223% year to date. Second, in pursuing ad revenue which is its lifeblood, P has been careful not to decrease the quality of its user experience which is the same thing that the social networking giant Facebook Inc. (FB) is doing. So it means that while competitors might be going full blast in service monetization, they risk losing users and P has been very careful on this and it deserves applause in this regard.<\/p>\n
Perhaps the only area of the company\u2019s business which requires sprucing is mobile ad revenue which declined significantly in the just reported quarter. But I would say that a dip in mobile revenue is no cause for alarm as the segment is still largely under test and you can expect the company to do better in the coming quarters.<\/p>\n
That\u00a0Pandora Media Inc (NYSE:P) is actually a growing ticker can be see in its listener base expansion in the U.S. over the past one year were\u00a0 it gained 6.6% last year to 8.1% as per the last week\u2019s data.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 11\/25\/2013 (wallstreetpr) – Looking at the trading at the closing of last week, it is clear investors were disappointed by Pandora Media Inc […]<\/p>\n","protected":false},"author":15,"featured_media":12694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2856,3302,3301,2855],"stock_ticker":[],"class_list":["post-12693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nysep","tag-p","tag-pandora-media-inc","tag-pandora-media-inc-nysep","entry"],"acf":[],"yoast_head":"\n