Pandora Media's New CEO Sees Room for Improvement

Pandora Media's New CEO Sees Room for Improvement

Pandora Media (NYSE: P) announced third-quarter 2017 results on Thursday after the market closed, highlighting strong subscription revenue growth and a new company record for ad RPMs (or revenue per 1,000 listener hours). The music streaming leader also marked the completion of its previously announced deal with Sirius XM (NASDAQ: SIRI) and its planned divestment of Ticketfly, providing a massive boost to its coffers in the process.

But Pandora also warned of difficult market conditions for its advertising business in the months ahead, and offered fourth-quarter guidance that left investors wanting more. 

Let's take a closer look at how Pandora kicked off the second half of the year and what we can expect from the company going forward.

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Source: Fool.com