Business

The Moment of Truth Approaches for Pandora Media Inc (NYSE:P)

Pandora Media Inc (NYSE:P) shares have been pulling back recently along with the majority of the technology sector. The stock is closing in on a test of its rising 50-day simple moving average.

With earnings season quickly approaching, investors will be interested in understanding whether or not this company can finally begin to seriously accelerate its topline growth rate, which is cooking along at a relatively moderate level at this point.

Pandora Media Inc (NYSE:P) frames itself as a company that provides music discovery platform services in the United States and internationally.

The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand.

It also provides Pandora Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

In addition, the company offers Pandora Premium, an on-demand subscription service that provides users the ability to search, play, and collect songs and albums; build playlists on their own or with the tap of a button; listen to curated playlists; and share playlists on social networks.

Pandora Media, Inc. was founded in 2000 and is headquartered in Oakland, California.

Currently trading at a market capitalization of $2.41B, P has a significant war chest ($420.8M) of cash on the books, which must be weighed relative to about $295.2M in total current liabilities.

One should also note that debt has been growing over recent quarters. P is pulling in trailing 12-month revenues of $1478M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 2.1%.

This may be a very interesting story and we will look forward to updating it again soon.

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