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pandora charms cheap prices Pandora falls 4% on earnings news Posted Feb 9, 2017 by Katie Roof ( @Katie_Roof ) 0 SHARES Next Story Arrivo arrives as a new Hyperloop venture from a Hyperloop One co-founder Internet music giant Pandora fell 4 percent in initial after-hours trading after the company released its fourth-quarter 2016 earnings results.

Pandora actually beat expectations, but this was already worked into the stock because the company announced last month that they would beat guidance. Investors were apparently looking for something better.

The earnings per share loss came in at 13 cents, when analysts were forecasting a negative 21 cents. Revenue was $393 million, above the $374 million Wall Street was expecting. Revenue is also up 17 percent from the same period the year before.

“We made significant progress in 2016 by driving leverage in our core business while accelerating subscriptions to our paid product,” said CEO and founder Tim Westergren, in a statement.

While many of its users don’t pay anything, the recently unveiled Pandora Plus and Pandora Premium services have helped the company further monetize its music-streaming business. With an emphasis on skipping songs and a better offline experience, Pandora is hoping that the newly introduced features will make it easier for them to compete with Apple Music, Amazon and Spotify.

Related Articles Sources: Spotify may delay IPO to 2018 as it rethinks licensing deals Pandora is laying off 7% of its US workforce Pandora shares up 11% on acquisition report

But the largest chunk of its revenue still comes from advertising, which brought in $313 million, or up 16 percent year-over-year. Subscriptions brought in under $60 million, up 5 percent from the same time frame the previous year.

The music-licensing business is costly, with earnings bogged down by artist fees. Because Pandora has traditionally focused more on radio than downloads, its fees are fixed instead of negotiating directly with artists.

It’s still a tough business to be in and the company recently announced widespread layoffs . Competitor Spotify has also run into challenges, and as we recently reported, it is looking to postpone its IPO plans until it can better improve its financial position. 

Pandora has been subject to frequent acquisition rumors and its shares are up 58 percent in the past year as a result.

0 SHARES Advertisement Advertisement Crunchbase Pandora Founded 2012 Overview Pandora is an online platform and incubator that provides information related to technology, business, communication, and more. It provides users with information related to entrepreneurship, business, information technology, and communications. It also provides an incubator known as X-incubator for technological startups. Location Oakland, CA Categories Internet , Mobile Website Full profile for Pandora Newsletter Subscriptions The Daily Crunch Get the top tech stories of the day delivered to your inbox TC Weekly Roundup Get a weekly recap of the biggest tech stories Crunchbase Daily The latest startup funding announcements Enter Address Subscribe SEE ALL NEWSLETTERS » Latest Crunch Report A bad day for cybersecurity | Crunch Report Watch More Episodes

2017 Electronics Expo at Singapore Expo from 17 – 19 Feb 2017 10 Feb 2017 SGNewsMan

Singapore Expo P2D Past Event Oh no, the event has ended. Don't miss out again, get the latest sales via our newsletter, Facebook, Twitter or RSS feed!

Starts 17 Feb 2017 (Fri) Ends 19 Feb 2017 (Sun) Location Singapore Expo

The 2017 Electronics Expo fair is here with all the top brand electronics to clear!

For 3 days from 17 to 19 Feb 2017, 11am – 9pm at Singapore Expo Hall 6, shoppers can expect to find the largest range of great deals electronics being cleared at low prices – all being offered directly from brand owners such as LG, Panasonic, Phillips, Mitsubishi, Samsung, Sharp, Hisense, Bosch, Casio, Cornell, UNO, HP and many more

At low prices, shoppers can bring home electronics items such as iPhones, iPads, Android Tablet, TVs, home appliances like washers, fridges and many more.

These items were carefully selected, and only the most popular and wanted items are picked for the sale! Hot buys such as Kettle at $9, Panasonic Stand Fan at $79, and UNO Air Fryer at $58

For the benefit of all customers who travel to the show, each customer is entitled to only 1 purchase. Consumers, who would like to snap up these good deals, do come to the show! Strictly no wholesalers and exhibitors are allowed at this expo.

Dates: 17-19 Feb 2017 (Fri – Sun) Venue: Singapore Expo Hall 6 Opening hours: 11am-9pm

Click on thumbnail[s] to enlarge.

TV 2 2017 Electronics Expo 10 Feb 22017 Highlights 2017 Electronics Expo 10 Feb 22017 Washer 2017 Electronics Expo 10 Feb 22017 Fridges 2017 Electronics Expo 10 Feb 22017 Featured 2 2017 Electronics Expo 10 Feb 22017 Highlights 2 2017 Electronics Expo 10 Feb 22017 TV 2017 Electronics Expo 10 Feb 22017 Featured 2017 Electronics Expo 10 Feb 22017

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