In Greek mythology, Pandora was the first human woman created by the gods. As the gods created her, each gave Pandora a special gift. Apollo bestowed on her the gift of music. Fast-forward about 3,000 years, and the Internet radio company that has taken her namesake could have a gift for investors. Pandora Media (NYSE: P) has that attractive combination of a strong chart and an outstanding fundamental growth story. In its most recent quarter, the company posted 50% year-over-year revenue growth, with sales climbing past $180 million. The number of active listeners rose 20%, to 70.9 million… Read More
In Greek mythology, Pandora was the first human woman created by the gods. As the gods created her, each gave Pandora a special gift. Apollo bestowed on her the gift of music. Fast-forward about 3,000 years, and the Internet radio company that has taken her namesake could have a gift for investors. Pandora Media (NYSE: P) has that attractive combination of a strong chart and an outstanding fundamental growth story. In its most recent quarter, the company posted 50% year-over-year revenue growth, with sales climbing past $180 million. The number of active listeners rose 20%, to 70.9 million users.#-ad_banner-# Pandora is a free service, although it does offer a paid premium service. However, its free offerings can be highly profitable for the company since its growing user base has caught the attention of advertisers. Mobile ad revenue is a tremendous growth area for the company. In its fiscal third quarter, mobile ad sales hit $104.9 million, a 58% increase from the same period last year. Pandora’s mobile ad platform is very attractive because the site specializes in collecting and aggregating user data based on listening preferences. This capability allows advertisers to accurately market products to specific target markets. Read More