Pandora Media Q4 Loss Widens; Issues Q1, FY14 Outlook - Quick Facts

(RTTNews.com) - Internet radio service Pandora Media, Inc. ( P ) reported that its fourth-quarter net loss attributable to common stockholders was $14.6 million or $0.09 per share, wider than $8.2 million$0.05 per share in the comparable quarter last year.

Non-GAAP net loss for the quarter widened to $7.7 million or $0.04 per share from $4.7 million or $0.03 per share last year. On average, twenty analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $125.09 million from $81.33 million in the prior year quarter, while twenty analysts had consensus revenue estimate of $122.81 million for the quarter.

For the first-quarter, Non-GAAP loss per share is expected to be between $0.13 and $0.10 and revenue is expected to be in the range of $120 million to $125 million. Analysts currently expect the company to report a loss of $0.10 per share on revenues of $119.53 million for the first quarter.

Looking ahead for fiscal 2014, the company expects Non-GAAP results to be between loss of $0.05 per share and profit $0.05 per share and revenue in the range of $600 million to $620 million. Analysts expect the company to report a loss of $0.02 per share on revenues of $600.01 million for the fiscal year 2014.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com