8.54 0.00 (0.00%)
After hours: 4:57PM EST
|Bid||8.46 x 27000|
|Ask||8.54 x 800|
|Day's Range||8.43 - 8.54|
|52 Week Range||4.09 - 10.07|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.41|
Pandora today announced the launch of its own, in-app voice assistant that you can call up at any time by saying "Hey Pandora," followed by a request to play the music or podcasts you want to hear. For example, you'll get personalized results for requests like "play something new," "play more like this," "play music for relaxing," "play workout music," "play something I like" and others. The company reports strong adoption of its service on voice-activated speakers, like Amazon Echo devices, where now millions of listeners launch Pandora music by speaking -- a trend that inspired the move to launch in-app voice control.
It's been almost two years since Pandora launched its on-demand music streaming service. Today, Pandora's adding another feature that some of its competitors have: Voice Mode. For starters, Pandora built Voice Mode internally, from the ground up, something Chief Product Officer Chris Phillips says was key in Voice Mode being a more personal music assistant.
Pandora (NYSE:P), the largest streaming music provider in the U.S., today introduced Voice Mode, a new, native smart assistant that allows listeners to control Pandora’s mobile app and enjoy new music discovery using simple voice commands, providing an intuitive, hands-free experience tailored for the unique tastes of each user. Starting today, Pandora will roll out access to Voice Mode to select listeners on iOS and Android, with general availability for all mobile users coming soon. “Pandora is the leader in personalized audio entertainment, and millions of our listeners are already loving the experience we’ve created on smart speakers and other voice-enabled connected devices,” said Chris Phillips, Chief Product Officer, Pandora.
# Pandora Media Inc ### NYSE:P View full report here! ## Summary * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for P with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $4.57 billion over the last one-month into ETFs that hold P are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Pandora (NYSE:P) has teamed with TRAP Karaoke to bring an unforgettable live experience like none other. Pandora, the largest streaming music provider in the U.S., is known for connecting fans directly with the artists through the Pandora LIVE series. TRAP Karaoke is known for putting fans at the center of the concert experience by bringing them closer to artists and music they love.
Many marketers’ yearly calendars revolve around two major industry events: the Cannes Lions International Festival of Creativity every summer on the French Riviera, and the CES consumer electronics show, which took place in Las Vegas this week. While many of the same marketers, agencies and media companies attend both, the events play out differently.
The Latest from Media Disruptors: SPOT, NFLX, TME, and AAPL (Continued from Prior Part) ## Stock has decent upside potential Tencent Music Entertainment (TME) held its IPO in December, pricing shares at $13 and raising $1.1 billion. The debut struck a chord with investors, as the stock jumped 8.0% on its first day of trading. What does the future hold for Tencent Music? As Investor’s Business Daily reported, Wall Street firm KeyBanc Capital Markets recently initiated coverage of Tencent Music stock with an “overweight” rating and a $19 price target, suggesting upside potential of more than 46% over the stock’s $13 closing on January 8. ## Monetizing the audience According to KeyBanc, Tencent Music has a massive opportunity ahead, particularly in its domestic market of China. Tencent Music, with its more than 800 million active users, bills itself as China’s top online music platform. Tencent Music monetizes this audience in various ways including selling music subscriptions and advertising. Pandora (P) and Spotify (SPOT) also monetize their music audiences through subscription sales and advertising. ## 36% annual revenue growth KeyBanc predicts Tencent Music could grow its revenue at the rate of 36% annually from 2018 through 2020. Tencent Music’s revenue rose 65% YoY to $722.2 million in the third quarter of 2018. Pandora and Spotify grew their revenues by 16% and 31% YoY, respectively, in the third quarter. Amazon (AMZN), another online music provider, grew its revenue by 29% YoY in the third quarter. Tencent Music separated from Tencent Holdings (TCEHY), the Chinese Internet giant that also owns a stake in Spotify. Continue to Next Part Browse this series on Market Realist: * Part 1 - Spotify Steps Up Efforts to Monetize Free Listeners * Part 2 - Why Netflix Hired Expensive CFO * Part 4 - What’s Apple Plotting in Media Space?
Pandora (NYSE:P) makes their first down of the year in Atlanta, Georgia on January 31st at the Bud Light Dive Bar at The Tabernacle with a free concert to kick off the weekend of The Big Game. The largest streaming music provider in the U.S. is proud to present hometown favorites, Zac Brown Band as part of their Pandora LIVE series. Fans who are 21 years old and older can directly RSVP for free, listeners can click HERE.
The Latest from Media Disruptors: SPOT, NFLX, TME, and AAPL ## Spotify bringing sponsored ads to Discover Weekly playlist Spotify (SPOT) has begun testing a new type of ad format that allows brands to sponsor its Discover Weekly playlist, according to Rolling Stone. The Discover Weekly sponsorship program will allow brands to insert audio or video ads between songs on Spotify’s free service. This move shows that Spotify is stepping up efforts to monetize its free listeners. Microsoft (MSFT) kicked off the Discover Weekly sponsorship with ads promoting its artificial intelligence technology. Spotify’s Discover Weekly delivers a personalized playlist of songs, and it updates every Monday. ## Majority of Spotify customers are free listeners Spotify exited the third quarter of 2018 with 109 million free listeners and 87 million paying subscribers. Pandora (P) and Apple have 6.8 million and 40 million paying listeners, respectively, according to their latest updates. Pandora is in the process of merging with Sirius XM (SIRI) in what could result in stronger competition for Spotify in the music market. ## Only 10% of revenue came from ad sales Spotify monetizes its free listeners by getting them to view or listen to ads. Although the vast majority of Spotify’s listeners are on the ad-supported service, advertising sales accounted for just 10% of the company’s total revenue in the third quarter. Bringing sponsored ads to Discover Weekly’s personalized playlist could help Spotify capture more advertising dollars and diversify its revenue sources. In an effort to reach more listeners, Spotify last year secured a deal that makes it the preferred music app on Samsung (SSNLF) devices. It is also one of the default music apps on Facebook’s (FB) Portal device. Spotify generated $1.6 billion in revenue in the third quarter. Continue to Next Part Browse this series on Market Realist: * Part 2 - Why Netflix Hired Expensive CFO * Part 3 - Does Tencent Music Entertainment Have Bright Future? * Part 4 - What’s Apple Plotting in Media Space?
Sirius XM closed down Wednesday 4.57% at $6.06, dropping after announcing year-end subscriber numbers and updating 2019 guidance. The results were strong overall, with Sirius XM hitting 34 million subscribers and topping its own self-pay subscriber expectations by approximately 40%. Longer term, though, Sirius looks like it's carving out a bottom this January.