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Why Did Pandora’s Stock Price Rise 8.5%?

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Dec. 4 2020, Updated 10:53 a.m. ET

Pandora Media’s 4Q15 and fiscal 2015 results

On February 11, 2016, Pandora Media (P) announced its fiscal 4Q15 and 2015 results. Pandora had revenues of $336.2 million in fiscal 4Q15, a growth of 25% year-over-year. However, in fiscal 4Q15, Pandora had adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $24.8 million, a decline of 43% year-over-year.

The company had a non-GAAP (generally accepted accounting principles) adjusted diluted EPS (earnings per share) of $0.04 per share in fiscal 4Q15, which fell short of consensus Wall Street analysts’ estimates of $0.07 per share.

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The company’s share price has fallen by 40.3% year-to-date. However, the company’s stock price was up by 8.5% on the day the earnings were announced. The reason for this rise in the company’s stock price was possibly a New York Times report that stated that the company is considering a sell-off.

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Pandora is still an “independent company”

However, when asked about these rumors during the company’s earnings call, the company’s chair, president, and CEO, Brian P. McAndrews, stated, “I don’t know how to answer that, this is not something we are focused on, we are focused on working as an independent company and driving our business and we’re a public company and all that that entails.”

In the next part of this series, we will take a look at the company’s 4Q15 and fiscal 2015 results in greater detail. Investors can read Pandora Media’s must-know business overview for a detailed overview of the company.

Pandora Media makes up 0.02% of the iShares Russell 1000 Growth Index (IWF). IWF also invests 5.7% of its holdings in Apple (AAPL), 2.4% in Facebook (FB), and 2.2% of Google (GOOG).

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