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Pandora Media Inc (NYSE:P) stock has multiple positive catalysts, and the valuation of P stock is quite attractive at current levels. Specifically, the company’s overall revenue came in above expectations, driven by its subscription revenue which jumped 65% year-over-year and a 12% jump in its advertising revenue per listener hours. Clearly, its subscription business, which was launched about a year ago, is gaining traction against the competition, while advertiser demand for the service has increased meaningfully.
The CEO of Gabelli Asset Management says strong corporate profits, tax reform, and new infrastructure and defense spending will buoy markets
French telecom giant and its US cable subsidiary are working on an offer but have not yet brought a proposal to Charter or its advisors, sources tell CNBC.
The Drone Racing League has raised another $20 million, with participation from Sky and Liberty Media, bringing the total amount of capital raised up to $32 million.
Last month, private equity firm KKR invested $150 million in Pandora with a further provision of $100 million at Pandora's discretion.