Pandora's Earnings: Can The Mobile Business Tune In Big Growth?
Quick Take Pandora will release its Q1 fiscal 2014 earnings on May 23. We expect improved mobile monetization even though the pressure on desktop monetization will continue due to the shift in ad dollars. The revenue growth is likely to come down due to a clear trend of slowing overall listener hour growth. There could be a mixed impact of the introduction of the listening cap, which will moderate both growth in revenues as well as content costs.