Pandora Revenue and Net Losses Both Up in Q4, 2016 Full Year Report
February 10, 2017

Pandora has released its fiscal report for the fourth quarter and full year of 2016. In the full year, total consolidated revenue was $1.385 billion, a 19 percent year-over-year increase. Advertising revenue was $1.072 billion, a 15 percent increase from 2015. Subscription and other revenue added up to $225.8 million, a two percent growth. Ticketing service revenue was up 25 percent to $86.6 million. However, net loss was $343 million compared to a net loss of $169.7 million last year and adjusted EBITDA was a loss of $119.5 million, compared to a profit of $51.7 million last year.

In Q4, the fourth quarter of 2016, consolidated total revenue was $392.6 million, a 17 percent increase. Ad revenue was up by 16 percent to $313.3 million. Subscription and other revenue was $59.8 million, a five percent increase. Ticketing service revenue was $19.4 million, growing approximately 20 percent. Again, net loss for the streaming company grew, from $19.4 million in Q4 2015 to $90 million. Adjusted EBITDA was a loss of $30.4 million, compared to a profit of $24.8 million in the same quarter last year.

Total listener hours grew 0.4 percent to 5.38 billion for the fourth quarter of 2016, compared to 5.37 billion last year. Total listener hours grew by four percent to 21.96 billion for the full year 2016, compared to 21.11 billion for 2015. Active listeners were 81 million at the end of the fourth quarter, compared to 81.1 million for the same period of the prior year. Subscribers grew by 12 percent to 4.39 million at the end of 2016, compared to 3.93 million for the same period of 2015.

"We made significant progress in 2016 by driving leverage in our core business while accelerating subscriptions to our paid product," said Tim Westergren, founder and CEO of Pandora. "We enter 2017 laser-focused on the growth of our ad-supported business, the launch and growth of our subscription products, and an artist-to-fan platform to drive listener engagement and ticket sales. These three strategic pillars operate in harmony to create mutually reinforcing revenue streams across a large and growing addressable market."

Breaking News
iHeartMedia Oklahoma City Names JJ Ryan PD For KJYO & KXXY
Entercom Names Richard J. Schmaeling EVP & CFO
Doug Gottlieb Joins FOX Sports Radio & FS1
March 21, 2017
Beasley Broadcast Group Reports 4th Quarter and Full Year 2016 Results
Chip Arledge Appointed OM For Cumulus Media Shreveport/Bossier City, LA
KXQQ/Las Vegas Names Natalia Hernandez As New Midday Personality
In Brief - March 21, 2017
March 17, 2017
Cumulus Reports Results for Fourth Quarter and Full Year 2016
Entercom Austin To Move 96.3 FM RnB To 95.9 FM
March 16, 2017
iHeartMedia Names Geoff "G-Off" Owens PD For KXJM/Portland & KUBE/Seattle-Tacoma
c3 & FMC Statement: Elimination of the NEA, NEH, and CPB Indefensible, Shameful, and Senseless
iHeartMedia Introduces SmartAudio
Condé Nast Acquires Pop2Life And Ribyt
March 15, 2017
Radio One Houston Names DJ Riddler MD & On-Air Talent/Mixer For KROI (92.1 Radio Now)
iHeartMedia Names Mark Fuhrman Area President in Pittsburgh/West Virginia Region
REAL 103.9/Las Vegas Names Roxy Romeo APD/MD
iHeartMedia Washington, D.C. Debuts Cherry Blossom Radio
KBEB/Sacramento Names Bryan "B-Dub" Washington PD
iHeartMedia Portland Debuts The New 103.7 The Legend
March 14, 2017
The iHeartRadio Music Festival Returns to Vegas This September
KMGA (99.5 Magic FM) Adds Bryan Simmons as PD/PM Drive, Doug Durocher as AM Co-Host
Veteran Music Exec and Producer Tommy LiPuma Passes Away
Magic 92.5 Turns 20 With An All-Star Birthday Bash
March 13, 2017
Alpha Media Portland Names Sean Demery PD At KINK FM
Music News
Chance the Rapper, The Killers, Muse & Arcade Fire Headlining Lollapalooza
QuickHits: Ed Sheeran, Chuck Berry, The Decemberists
QuickHits: NIN, Missy Elliot, Frank Ocean, Pitbull, Enrique Iglesias, Sublime
Rock Pioneer Chuck Berry Passes Away
The Entertainment World Remembers Chuck Berry
Ed Sheeran Spends Second Week Atop Billboard 200
QuickHits: Drake, James Blunt, Spoon, Bob Dylan
Quick Hits: Coldplay. BET Experience, Weezer
Quick Hits: The Chainsmokers, Pitbull, Ohana Music Festival, Arroyo Seco Weekend, Feist
Ed Sheeran Earns Biggest Debut Week of 2017
Quick Hits: Drake, Pearl Jam, Fifth Harmony
Lorde's Melodrama Arrives June 16
U2 Announce 30th Anniversary Joshua Tree Box Set
Ed Sheeran Announces Massive North American Tour
Quick Hits: Halsey, Charli XCX

Sam Milkman, EVP
Coleman Insights

FMQB Member Login

Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!