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# Pandora Earnings Disappoint, Stock Plunges, $439M Paid To Rightsholders In 2014
- URL: https://www.hypebot.com/pandora-earnings-disappoints-stock-plunges-26/
- Published: 2015-02-06T08:18:00.000Z
- Updated: 2015-02-06T08:18:00.000Z
- Description: UPDATE: After falling as much as 26%, Pandora stock rose slightly in after hours trading, settling at $14.90, still down almost 20%. Pandora stock fell on news that the music. Continue reading [https://www.hypebot.com/hypebot/2015/02/pandora-earnings-disappoints-stock-plunges-26.html]
- Author: Bruce Houghton
- Tags: Music Tech, Startups & Funding, Streaming, Amazon.com, Apple Inc., Broadcast Music, Copyright Royalty Board, Diluted earnings per share, Extended-hours trading, Generally accepted accounting principles, Google, Inc., internet, New York Stock Exchange, Pandora, Pandora Radio, Revenue, Wall Street, #wp, #wp-post, #Import 2026-01-21 10:28

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****UPDATE: After falling as much as 26%, Pandora stock rose slightly in after hours trading, settling at $14.90, still down almost 20%.**

**Pandora stock fell** on news that the music streamer's earnings missed Wall Street expectations and the company's own guidance. Pandora's revenue and listener growth both slowed somewhat, but for the first time surpassed **1 billion song streams per day** on select days, grabbing an impressive **79.2% of the overall internet radio market**. Another big number shared in the earnings report: **Pandora reported that it has paid a total of $1.2 billion to rightsholders including $439 million in 2014.**

Highlights:
- Q4 2014 total mobile revenue was $209.5 million, growing 43% year-over-year on a GAAP and non-GAAP basis, now 78% of total revenue
- Full year 2014 total GAAP and non-GAAP mobile revenue was $712.0 million and $699.1 million, growing 58% and 52%, now 77% of total GAAP and non-GAAP revenue
- Q4 2014 local advertising revenue was $49.9 million, growing 90% year-over-year
- Full year 2014 local advertising revenue was $152.9 million, growing 155% year-over-year
- Mobile monetization reached record highs across all dimensions of Pandora’s business
- Year-end 2014 active listeners were a record 81.5 million, growing 7% year-over-year
- Full year 2014 total listener hours were 20.03 billion, growing 20% year-over-year

During the earnings call, Pandora executives promoted the potential of such a large set of data for both artists and brands. While direct deals with rightsholders were mentioned along with a "strong royalty proposal to the Copyright Royalty Board," no mention was made of several looming lawsuits and growing pro-artist sentiment in Washington D.C. that could mean higher royalty bills for Pandora in the future.

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