Dallas, Texas 01/02/2014 (FINANCIALSTRENDS) – Pandora Media Inc (NYSE:P) should produce more profits owing to the constant betterment in mobile monetization that is resulting in lower content acquirement costs (as a percent of income).
The form carries on registering sturdy listener usage metrics despite augmented contest and advantage from stronger and rising RPMs (revenue per 1000 hours) from its cell phone listening hours.
Overall, the company’s share of terrestrial radio increased by 8.44% during November last year as compared to 7.09 percent in the year 2012 and up from 8.06% during October 2013. Active users surged 23% to 72.7 million, and listener hours augmented 12% to 3.98 billion.
Why should you make investment in Pandora this year?
BMO Capital Markets forecaster Edward Williams thinks that Pandora Media Inc (NYSE: P) can carry on leveraging its proprietary expertise to drive sturdier engagement and develop listener hours further. The firm generates about 80% of its listener hours from mobile podiums.
In the meantime, the company seems to have rebounded and completely recovered from the provisional weakness in listener metrics accompanying Apple’s (NASDAQ:AAPL) introducton of iTunes Radio in the month of September.
Needham calls Pandora its top 2014 Internet stock, shares rally again
Needham’s Laura Martin, a long-time Pandora bull has announced the Web/mobile radio leader her top 2014 Internet scrip. That assisted scrips move rally on a positive day for high-beta web names (Facebook as well as Twitter also surged sharply).
Martin’s top 2013 Internet stock (Yahoo) has surged 96% YTD, and her top 2012 Internet scrip (AOL) surged 132% during 2012.
Chichester Pandora Media Inc (NYSE:P) store break-in
Stealers entered the Pandora store in East Street, Chichester on last Sunday.
One bystander, Wayne Lock stated: “We heard banging and screaming coming from the side lane. We could witness smoke, and guys, 4 of them. We witnessed them abscond.”