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# Pandora Stock Falls Wednesday On Wider Loss Forecast
- URL: https://www.hypebot.com/pandora-stock-falls-wednesday-on-wider-loss-forecast/
- Published: 2012-12-05T10:51:15.000Z
- Updated: 2012-12-05T10:51:15.000Z
- Description: Pandora stock, battered by profitability concerns and rumored competition from iTunes, fell another 17% to $7.84 in late morning trading Wednesday, after the company forecast widening losses ahead. Revenue for Pandora's. Continue reading [https://www.hypebot.com/hypebot/2012/12/pandora-stock-falls-
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:49

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Pandora stock, battered by profitability concerns and rumored competition from iTunes, fell another 17% to $7.84 in late morning trading Wednesday, after the company forecast widening losses ahead. Revenue for Pandora's quarter ending October 31 was actually up 60% over the previous year's Q3 to $120 million. Advertising grew 61% to $106.3 million, with subscriptions and other revenue up 52% to $13.7 million. But Pandora's future projections gave investors the jitters.

In yesterday's report, Pandora projected a loss next quarter of 6-9 cents per share on revenue of $120-$123 million. The company blamed sluggish ad sales caused by a stalled economy.

Analysts had previously predicted that Pandora would turn a profit early next year of 2 cents per share on $130.3 million quarterly revenue.

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