Yesterday’s announcement that Pandora switched out its CEO, replacing Brian McAndrews with Tim Westergren, was startling both in unexpectedness and lack of explanation. Tim Westergren is Pandora’s founding visionary, a musician with technology chops. What does this change signal? Continue Reading
The most informative part of quarterly earnings calls can be the Q&A with investors, for the strategic story beyond the financials. Click through for insights, perspectives, and forward projections voiced by CEO and Brian McAndrews and CFO Mike Herring in last week’s responses to investors. Continue Reading
Yesterday. There were acquisition rumors. There was an earnings call. There was a jittery-up-and-down stock price. In the middle of all that, Pandora CEO Brian McAndrews laid out the company’s key lines of strategy in this ambitious and pivotal year. Continue Reading
Pandora has announced a private placement of $300-million worth of convertible notes — essentially, the company is raising cash. Wall Street is sending P stock tumbling down a steep hill. Pandora is gearing up for a monumental redefinition of its business in 2016. Continue Reading
“We believe we can compete in this space because we come from such a position of strength.” Pandora CEO Brian McAndrews and CFO Mike Herring answered questions in an investor call about the acquisition of Rdio, and Pandora’s ambitious 2016 plan. Click through for voluminous quotes. Continue Reading
Yesterday’s announcement that Pandora intends to acquire Rdio assets in a bankruptcy auction focused attention on Rdio’s unpredicted demise.
CEO Brian McAndrews used the Rdio acquisition as a pivot point to sketch a dramatically enlarged strategic vision for his company, one which contained specific answers to two topics he has skirted during this year’s earnings calls: global expansion, and on-demand service. Continue Reading
“I’m excited to speak with you regarding our strong start of the year.” So began Pandora CEO Brian McAndrews’ quarterly address to investors as he reported first-quarter earnings. He discussed financials, audience metrics, size of the sales force, data management, and future guidance. Continue Reading
Pandora’s Q3 earnings call on Thursday marked an anniversary of the one-year directorship of CEO Brian McAndrews. McAndrews told a story of record-breaking financial results, and slowing audience growth. Wall Street punished the company severely in after-hours trading following the late-afternoon call, and in today’s formal session. Continue Reading
HEADLINE: Pandora met Wall street expectations in Q1, and grew key usage and revenue metrics.
HEADLINE: Pandora stock (P) is savagely down 15% as of this writing.
Why? The answer might lie in the company’s future guidance Continue Reading
“We have made significant progress in disrupting traditional radio in a short time, but we are just getting started.” –Brian McAndrews, Pandora CEO Pandora’s business mission is essentially invasive, intending to transform consumer habits by migrating listening from broadcast to Internet.… Continue Reading
There is an emphasis on advertising solutions this week. Two days ago Songza closed a capital round of $4.7M for developing its “life moments” sponsorship platform. Yesterday Pandora announced its new CEO/Chairman appointment of Brian McAndrews to replace outgoing Joe… Continue Reading
Pandora late yesterday announced the appointment of former Madrona Venture Group and Microsoft exec Brian McAndrews as CEO, president, and chairman. He immediately succeeds Joe Kennedy, who in March announced his intention to step down. McAndrews was recognized as Advertising… Continue Reading