PANDORA MEDIA, INC. P Income Statement

Pandora media, inc. (P)

Income statement / Quarterly

Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Oct'13	Sep'13	Jul'13	Jun'13	Apr'13	Mar'13	Jan'13	Dec'12	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Oct'10	Jul'10
Revenue
Revenue
417,628	-	-	-	378,639	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising
-	271,056	214,568	297,674	-	278,204	223,308	313,340	273,716	265,126	220,308	268,989	254,656	230,921	178,739	220,087	194,293	177,324	140,634	117,843	144,346	134,963	128,520	127,555	105,146	96,714	108,979	-	106,258	89,384	70,597	-	65,985	58,258	43,661	32,683	26,723
Subscription and other
-	113,738	104,665	97,661	-	68,900	64,878	59,829	56,100	55,125	54,732	57,001	56,906	54,639	52,025	47,913	45,300	41,570	53,681	34,894	36,030	34,340	28,835	25,549	20,364	18,410	16,110	-	13,747	11,883	10,187	-	9,023	8,708	7,379	5,006	4,112
Ticketing service
-	0	0	0	-	29,730	27,818	19,429	22,085	22,771	22,265	10,167	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	384,794	319,233	395,335	-	376,834	316,004	392,598	351,901	343,022	297,305	336,157	311,562	285,560	230,764	268,000	239,593	218,894	194,315	152,737	180,376	169,303	157,355	153,104	125,510	115,124	125,089	-	120,005	101,267	80,784	-	75,008	66,966	51,040	37,689	30,835
Cost of revenue
Cost of revenue
261,499	-	-	-	242,778	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenueContent acquisition costs
-	226,860	217,580	216,515	-	195,875	187,420	212,122	174,334	176,633	171,264	142,933	211,272	130,134	126,023	115,326	111,315	111,461	108,275	74,808	86,989	83,535	81,880	79,828	82,853	85,823	76,695	-	65,713	60,522	55,818	-	37,658	33,723	-	-	-
Cost of revenueOther
-	32,727	26,849	32,379	-	27,440	25,532	30,520	25,896	25,106	21,195	22,282	21,414	20,043	16,233	17,206	15,453	13,989	14,979	9,731	12,423	12,126	11,037	10,847	9,779	9,776	9,513	-	8,338	7,514	6,917	-	6,260	5,460	-	-	-
Cost of revenueTicketing service
-	0	0	-	-	20,510	18,618	-	-	-	-	7,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
-	259,587	244,429	248,894	-	243,825	231,570	256,699	215,548	216,998	207,105	172,336	232,686	150,177	142,256	132,532	126,768	125,450	123,254	75,148	-	95,661	-	90,675	-	95,599	-	-	-	-	-	-	-	-	4,360	3,084	2,503
Gross profit
156,129	125,207	74,804	146,441	135,861	133,009	84,434	135,899	136,353	126,024	90,200	163,821	78,876	135,383	88,508	135,468	112,825	93,444	71,061	87,554	-	73,642	-	62,429	-	19,525	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
Product development
42,553	40,351	35,884	34,035	39,469	41,233	39,588	37,976	33,560	33,560	35,611	27,669	21,849	18,742	15,875	14,865	13,381	13,076	11,831	8,364	8,848	9,099	7,926	7,895	7,033	6,667	5,936	-	4,371	4,475	4,119	-	3,685	3,426	2,731	1,756	1,562
Sales and marketing
124,760	125,375	124,216	113,961	107,588	145,891	125,102	133,251	116,091	123,589	117,433	112,247	107,286	94,035	84,274	76,914	72,320	66,232	61,864	43,843	50,575	47,049	45,794	44,371	40,083	38,045	33,742	-	26,714	23,457	23,460	-	16,628	14,502	12,964	9,715	6,736
General and administrative
47,273	53,617	41,631	40,061	48,171	57,954	44,525	46,971	41,909	40,760	46,524	43,433	35,603	38,812	36,754	31,074	29,143	25,865	26,361	17,343	23,038	21,397	18,352	16,931	14,209	13,355	13,629	-	12,700	10,602	10,612	-	10,021	8,410	6,943	3,853	2,880
Goodwill impairment
0	0	-	0	0	131,997	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract termination (benefit) fees
0	0	-	0	423	-23,467	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
214,586	219,343	201,731	188,057	194,805	400,542	209,215	218,198	191,560	197,909	199,568	183,349	164,738	151,589	136,903	122,853	114,844	105,173	100,056	64,790	181,873	77,545	164,989	69,197	153,957	58,067	-	-171,503	117,836	106,570	100,926	-82,066	74,252	65,521	56,156	36,544	28,351
Content acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,158	18,136	14,670
Loss from operations
-58,457	-94,136	-126,927	-41,616	-58,944	-267,533	-124,781	-82,299	-55,207	-71,885	-109,368	-19,528	-85,862	-16,206	-48,395	12,615	-2,019	-11,729	-28,995	-1,352	-1,497	-3,903	-7,634	-6,768	-28,447	-38,542	-14,426	-	2,169	-5,303	-20,142	-	756	1,445	-5,116	1,145	2,484
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-	10	-	15	16	-	-	19	25	32	-	28	1	2	9	15
Interest expense
6,768	6,745	7,286	6,958	7,592	7,404	7,381	-	-	-	-	1,590	131	124	131	-	-	-	-	-	167	-	150	-	143	144	-	-	137	136	124	-	123	261	109	116	117
Other income, net
1,684	1,767	2,582	-	559	78	229	-	-	-	-	-	95	380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expense, net
-5,084	-4,978	-4,704	24,535	-7,033	-7,326	-7,152	-	-	-	-	208	-36	256	328	598	44	100	92	-180	-21	-173	4	-122	1	1	-	-	1	-	-	-	-	-2,976	-1,509	6	-750
Total other income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	197	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before (provision for) benefit from income taxes
-63,541	-99,114	-131,631	-46,416	-65,977	-274,859	-131,933	-	-	-	-	-21,165	-85,898	-15,950	-48,198	12,685	-1,975	-11,629	-28,903	-1,410	-1,680	-4,076	-7,770	-6,890	-28,574	-38,669	-14,547	-	2,052	-5,414	-20,234	-	661	-1,791	-6,732	1,044	1,632
(Provision for) benefit from income taxes
125	-7,132	74	-1,667	266	277	334	-	-	-	-	-1,756	32	115	59	407	50	99	28	56	20	16	17	12	13	17	10	-	0	1	-6	-	23	21	22	-	-
Net loss
-63,666	-91,982	-131,705	-44,749	-66,243	-275,136	-132,267	-90,009	-61,534	-76,333	-115,102	-19,409	-85,930	-16,065	-48,257	12,278	-2,025	-11,728	-28,931	-1,466	-1,700	-4,092	-7,787	-6,902	-28,587	-38,686	-14,557	-	2,052	-5,415	-20,228	-	638	-1,812	-6,754	1,044	1,632
Accretion of redeemable convertible preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	70	72	75
Increase in cumulative dividends payable upon conversion or liquidation of redeemable convertible preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,328	2,320	2,746	1,946
Net loss available to common stockholders
-71,251	-99,455	-139,068	-52,068	-84,562	-289,664	-132,267	-90,009	-61,534	-76,333	-115,102	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	638	-3,180	-9,144	-1,774	-389
Basic and diluted net loss per common share (in dollars per share)
-0.27	-0.38	-0.55	-0.21	-0.34	-1.20	-0.56	-0.38	-0.27	-0.33	-0.51	-0.08	-0.40	-0.08	-0.23	0.06	-0.01	-0.06	-0.14	0.13	-	-0.02	-0.04	-0.04	-0.16	-0.22	-	-	-	-0.03	-0.12	-	-	-0.04	-0.61	-	-0.04
Weighted-average basic and diluted common shares
268,058	259,822	252,934	249,903	245,810	241,320	237,515	-	-	-	-	220,730	212,760	211,742	209,928	208,547	206,982	205,706	199,857	197,715	-	178,635	175,343	174,789	173,579	172,733	-	-	-	167,429	165,404	-	-	82,389	-	-	10,894
Basic net income (loss) per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-	-	-	-	0.01	-	-	-	-	-	-	-0.15	-
Weighted-average shares used in computing basic per share amounts (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184,676	-	-	-	-	-	-	-	169,391	-	-	-	161,288	-	14,900	11,686	-
Diluted net income (loss) per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-	-	-	-	0.01	-	-	-	-	-	-	-0.15	-
Weighted-average shares used in computing diluted per share amounts (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184,676	-	-	-	-	-	-	-	190,278	-	-	-	191,014	-	-	11,686	-