Simple math makes for easy guidance affirmation. With a huge $480 million cash infusion from Sirius XM replacing a $150 million strategic investment offer from KKR made May 8, Pandora stands firm with its Q2 guidance as offered during its Q1 2017 conference call.
In its announcement that it is getting just short of a half-billion-dollar cash infusion from Sirius XM, the nation’s satellite radio company, Pandora reiterated and affirmed that its Q2 revenue is expected to be in the range of $360 million to $375 million.
At the same time, adjusted EBITDA loss is expected to be in the range of $65 million to $50 million.
Pandora reiterated that it expects full-year revenue in the range of $1.50 billion to $1.65 billion, prior to any adjustment for the sale of Ticketfly.
The reconciliation of its adjusted EBITDA guidance to GAAP is contained in Pandora’s Q1 2017 financial results.
Further details were set to be disclosed in an SEC filing to be made by the close of the day on Friday (6/9).