Pandora has always faced competition, VP says

Pandora (P) VP Dominic Paschel, in response to a question about reports on a proposed new offering from Spotify, says the company has always faced competition. Paschel notes that the company has previously faced challenges from numerous services backed by large tech companies. Paschel says Pandora has reached first 1M users in Australia and New Zealand about one year after launch in that market. The company is starting to roll out ads in Australia and New Zealand, Paschel adds. Paschel is speaking at the JPMorgan SMid Cap Conference.