Pandora Sets Q3 Results Release Date
Could weeks of teasing about tiered subscription-based streaming options from Pandora finally yield the much-promoted options that the radio industry’s biggest company by number of stations — iHeartMedia — has already told the world it has ready to launch in early 2017?
The Oakland, Calif.-based digital music streaming company yesterday set its fiscal Q3 2016 financial results release for October 25, following the close of the stock market.
Rather than host a traditional conference call with the Wall Street financial community, Pandora has opted for an “in-person” event and webcast from trendy Terra Gallery in San Francisco.
Pandora says the 1:30 p.m. Pacific event allows financial analysts an opportunity to hear from “members of the leadership team” — without mentioning CEO Tim Westergren by name — and “discuss Pandora’s strategic vision in light of the recently announced product transformation and landmark label deals.
Presentations will highlight new product features, operating model developments, and key operating and financial metrics in the context of existing 2020 targets for ad-supported, subscription, and live events businesses.
As RBR + TVBR reported on September 15, Pandora tip-toed into the tiered subscription digital music streaming business by rebranding its “Pandora One” ad-free streaming service as “Pandora Plus.” With a $4.99 monthly price point, this Pandora option allows for more skips, replays and capabilities for listening when not connected to the internet — just like Pandora One does.