Results 1 to 3 of 3

Thread: Pandora Profit/Loss Statement

  1. #1
    Sirius Roadkill is offline
    Mentor
    Sirius Roadkill's Avatar
    Joined: Feb 2009 Posts: 1,882

    Pandora Profit/Loss Statement

    you must be registered and logged in to see this spreadsheet:

    source: Michael Robertson, a 12-year veteran of the digital music business. He is the founder and former CEO of digital music pioneer MP3.com. He is currently the CEO of music locker company MP3tunes. Until recently he was an adviser to Google Voice following the acquisition of Gizmo5.
    Attached Images Attached Images
    Last edited by Sirius Roadkill; 08-25-2010 at 05:18 PM.

  2. #2
    faizal.hardmoney is offline
    How accurate do you think that is though..?

  3. #3
    Sirius Roadkill is offline
    Mentor
    Sirius Roadkill's Avatar
    Joined: Feb 2009 Posts: 1,882
    Quote Originally Posted by faizal.hardmoney View Post
    How accurate do you think that is though..?
    The basic Pandora service is free, with most of its revenue coming from advertising, just like traditional radio stations. Users can pay more to get rid of the ads, enable unlimited listening time and more "skips" and receive higher-quality songs. Most people apparently are willing tolerate the ads. The IPO documents said 86 percent of Pandora's revenue came from advertising in its fiscal year just completed Jan. 31.

    The company has lost $83.9 million since its inception and remains unprofitable, according to Friday's filing. In the first nine months of its last fiscal year, Pandora suffered a $328,000 loss on revenue of $90.1 million.

    The filing said its independent auditor determined there was "material weakness" in Pandora's financial reporting practices. The company said it's trying to fix the problems.
    You can read their Form S-1 Filing in connection with the IPO . . . here's the link:
    http://blogs.forbes.com/danbigman/20...ll-text-of-s1/
    Attached Images Attached Images
    Last edited by Sirius Roadkill; 05-24-2011 at 10:14 PM.

  4. Ad Fairy Senior Member

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •