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
Pandora CFO Mike Herring spoke at the Wedbush 2015 California Dreamin’ Technology, Consumer Management Access Conference. He spoke about Pandora’s vision generally, the expansion to on-demand service in 2016, Apple Music and Steve Jobs, the company’s recent acquisition of Ticketfly, the imminent CRB royalty-rate ruling, and more. 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
Pandora CFO Mike Herring participated in a session at a Goldman Sachs conference, fielding questions from one of the financial company’s analysts. His talk touched on how Pandora measures its advertising, it’s latest efforts in mobile ads, and the looming CRB decision. Continue Reading
There’s plenty of swirl today about Pandora’s remarks at the company’s Investor Day event last week, during which CFO Mike Herring tantalizingly implied that Pandora might some day create an on-demand music service like Spotify. Click through for his remarks, and the context around the discussion. Chief Strategy Officer Sara Clemens had things to say, too. Continue Reading
In a brisk 51-minute conference call with investors yesterday, Pandora described its strategy in the Copyright Royalty Board (CRB) proceeding, explained why it thinks music licensing costs (to labels) should be lower, and fielded questions about the company’s key partnership with Merlin labels. Although Pandora executives often speak at investor conferences, and conduct quarterly earnings calls, the single-topic focus of yesterday’s call was unusual. Continue Reading
Pandora CFO Mike Herring answered questions in front of investors at the Oppenheimer 17th-annual Technology, Internet & Communications Conference on Wednesday. P stock rose over 10% during the day, probably due less to Herring’s remarks than to investment house Stifel issuing a Buy rating for Pandora. Meanwhile, Mike Herring delivered his talking points in response to 32 minutes of questioning about audience size, ad sales, and music licensing. 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
Pandora CFO Mike Herring addressed the Credit Suisse 2013 Technology Conference this week. The format was a moderated Q&A session. We pulled out three subjects within which Herring’s responses were of particular interest: ratings measurement, how Pandora sells ads, and… 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
Merlin CEO criticizes label deals: In a conversation with Janko Roettgers of GigaOm, Charles Caldas, head of prominent indie-label consortium Merlin, points to a basic aspect of business modeling behind Spotify, iTunes Radio, and other major players. The advance payments… Continue Reading