Pandora Grows Subscription Revenue 63.2 Percent in Q4 2017

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Last week internet radio platform Pandora (NYSE: P) reported its fourth quarter and full-year 2017 financials. While there were many positive highlights to report, including a 63 percent increase in subscription revenue, the company posted a GAAP net loss of $44.7 million, or ($0.21) per share. Though a big hit to Pandora, this was a big improvement over the $90.0 million net loss, or ($0.38) per share, the company reported for the fourth quarter of 2016. Pandora reported adjusted EBITDA of $5.8 million, compared to a loss of $30.4 million in the same period the prior year.

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