Max Grigoryev
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Max Grigoryev in Fundamentality,

Pandora Misses All The Estimates

Analysts estimates

Revenue: $351M consensus

EPS: -.16c consensus

My estimates

Revenue: $350M-$375M

Actual numbers

Q2 EPS $(0.12) vs. Est. $(0.16), Rev. $343.02M vs. Est. $351.6M

It's really below any expectations. The main problem is in sales and marketing expenses. It's great that volatility jumped, cause an option play was a right way to earn some money on this move.