Pandora’s Sales Forecast Falls Short as User Base Stagnates
Pandora's Tumultuous Year in Review
This article is for subscribers only.
Pandora Media Inc. forecast first-quarter sales below analysts’ estimates as the world’s largest online radio service struggles to prove it can find new ways to grow with its user base stagnating.
Revenue this quarter will climb to $320 million, Pandora said Thursday. That compared with the $341.6 million average of analysts’ estimates compiled by Bloomberg.