Pandora Media Q4 Profit Drops 74%

(RTTNews) - Pandora Media (P) released earnings for fourth quarter that dropped compared to the same period last year.

The company said its bottom line dropped to $10.21 million, or $0.04 per share. This was down from $39.40 million, or $0.18 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 25.4% to $336.2 million. This was up from $268.0 million last year.

Pandora Media earnings at a glance:

-Earnings (Q4): $10.21 Mln. vs. $39.40 Mln. last year. -Earnings Decline (Y-o-Y): -74.1% -EPS (Q4): $0.04 vs. $0.18 last year. -EPS Decline (Y-o-Y): -77.8% -Analysts Estimate: $0.07 -Revenue (Q4): $336.2 Mln vs. $268.0 Mln last year. -Revenue Change (Y-o-Y): 25.4%

-Guidance: Full year revenue guidance: $1.40 - $1.42 Bln