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Pandora CEO on Earnings

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  • Description

    Pandora CEO Joe Kennedy on the company's second quarter results.

  • Duration 2:29
  • Date

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While pandora reporting earnings earlier this -- so that is on the phone right now Joseph Kennedy president and CEO pandora.

-- they should be in with this I presume you're pretty happy about the numbers.

One of the things people most concerned about though is the advertising how are you gonna make money.

-- -- -- we are very pleased with the results.

Beat the high and have our expectations on -- our revenue and the bottom line.

And continue to speak terrific progress in terms of monetizing mobile which really is is the key to developing profitability and and getting all leverage in the model.

What we have a 10% jump after charges spectacular jump after hours so congratulations on that but there is concerned about cash levels at the company.

Some people say the current rate of occurred burn rate of -- -- company's gonna run out of cash in about a year's time what are you gonna do about that.

Well.

Actually we reported cash of but I 82 million dollars and actually had positive cash flow in the quarter growing our cash balance vs the previous quarters -- I think the the numbers clearly illustrate that we have more than adequate cash.

You haven't your listeners.

The -- for about 70%.

Of your total hours out there are you expecting that to increase are you worried all about the barriers to entry.

Really anybody could set up shop and do this.

Are we like to think -- what we do where are we make it very easy for consumers and in the name of -- song or artist that you -- get an endless stream of great music but it's it's a wickedly heart problem.

Rationalizing -- rate your experience.

We believe were the best personalize read your experience in the world and we invest.

A tremendous amount of intellectual property development to expand that that leadership and given that core rate experience.

It's on believed by the -- I just use it on long bus ride -- with Tom Russian air -- like all the music for the next three hours was spectacular is just.

Just -- one of what what about advertising show our advertisers anxious for a little more -- during the hour.

I think advertisers are very excited about what were offering them I think that's illustrated in the kind of growth that we've seen and in particular.

The mobile revenue of 59 point two million that's almost a quarter billion annual run rate of mobile advertising.

Illustrate that ever -- -- in particular.

Are finding a mobile advertising campaign or to be effective for them.

Maybe FaceBook could learn a thing or two about what you want Joseph Kennedy thank you very much continued success job bank.

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