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Pandora Media Inc Q2 2017 Earnings: Shares Rise On Beat

Pandora Media (P) Q2 2017 earnings were released after closing bell tonight, and the company posted non-GAAP losses of 21 cents per share on $376.8 million in revenue, which came out ahead of its guidance. Wall Street had been expecting per-share losses of 24 cents on $364.86 million in revenue. In last year’s second quarter, Pandora reported $343 million in revenue and non-GAAP losses of 12 cents per share.

Pandora Media Q2 2017 earnings: losses widen

According to tonight’s Pandora Media Q2 2017 earnings report, the company’s GAAP losses amounted to $1.20 cents per share or $275.1 million, compared to 33 cents per share or $76.333 million in last year’s second quarter. Adjusted EBITDA fell to losses of $54.3 million from last year’s losses of $25.1 million. Unlike the GAAP result, Pandora’s adjusted EBITDA excludes goodwill impairments, stock-based compensation, contract termination fees, depreciation and amortization...