Pandora posts record revenue of $ 67 m in the first quarter as a public company

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In the first quarter as a public company music streaming service Pandora posted record revenue in Q2 2012 year. For the second quarter of fiscal year 2012, total revenue was 67 million dollars, 117% year-over-year growth. For the second quarter of fiscal 2012, on the basis of GAAP net loss per share was $ (0.04). Non-GAAP earnings per common share was completely $ 0.02.

In terms of net income loss of $ 1.8 million Pandora took over the quarter. But Pandora's Q2 ad revenue amounted to $58,3 million, 118 percent year-over-year growth. Subscription and other income amounted to $ 8.7 million, 112% year-over-year growth.

The company showed that total listener hours approximately 1.8 billion quarter growth of 125 per cent, compared to approximately 800 million during the same quarter a year ago. Approximate percentage of total United States radio to listen to at the end of the second fiscal quarter amounted to 3.6%, 1.8% from a year earlier. According to the Pandora Services had 37 million active users in July.

In the release, Joe Kennedy, President of & CEO of Pandora said this in his speech: "Pandora radio Personalization — and enthusiastic consumers have become much better experience ...At the same time, advertisers continue their adoption of Pandora's multi-platform ad decisions that led to our 6 consecutive quarters of triple-digit year-over-year revenue growth. In addition to the continued high rates of income growth web Pandora mobile advertising revenue for the first time included about half of all ad revenue as we pave the way for the nascent but rapidly growing market for mobile advertising. Pandora continues to grow our market share of United States radio as we radically transform one of the latest forms of traditional media. "

Proceeds to call Kennedy says that mobile represents 70 per cent use Pandora. And mobile now accounts for half of the company's ad revenue. As we reported at the time of Pandora's IPO, mobile, as it contributes significantly to Pandora in the company's growth.

Another area of growth, said Kennedy, is the placement of Pandora in your car. The company already has a number of deals, including one with Ford Motor Company.

Kennedy also said that Spotify is not really a threat to its business and use. There wasn't any effects from digital music services, in the past few months, "says Kennedy. "We are focused on the radio".

Pandora predicts Q3 revenue range of $ 72.5 million to $69,5 million (representing year-over-year growth between 84% and 92% respectively) and annual income in the range of $ 270 million to $ 275 million (representing year-over-year growth between 96% and 100%, respectively).

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Acer, has lost nearly 250 million dollars Last quarter alone, remains stoic

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Acer, recently the world's second largest shipper, rough year. But in March a deliberate decision was taken by senior management to abandon its goal of dethroning the HP and instead focus on how to get better, more differentiated products. The result: sales and earnings in freely. At least they knew it came — but losing millions of customers and a huge percentage of your is not something any company likes to do.

The company is taking heavy losses — twice as hard, in fact, as Reuters analysts estimated. Taiwan 6.79 billion dollars (about $ 250 million) went down the drain in Q2. It is their biggest loss ever and the first time they have done worse than forecast. The results indicate that Acer Chairman Jt Wang concedes "tries to break even this year becomes impossible. But I doubt that they plan on turning around the entire company in less than a year.

Despite losses and job cuts Acer remained stoic. They feel relaxation tablet "fever" and people will return to laptops (I'm not sure I agree). And although it is unlikely that they have any interest in (or to) buy HP business PC, Acer's President, Jim van comment that spinning is a natural thing for HP to do. He cryptically added that Acer will strive to meet the needs of its clients, including HP'S existing customers. What is the thing to say! Again however, with billions of losses every quarter, the last thing you want to Acer is $ 10 billion millstone around its neck from HP.

What he likely means that Acer could step-by-step HP shoes for the confusion. If they can stabilize quickly enough, personal systems group, HP mode move Acer could sweep in and take off a few million customers. But before that happens, expect more bad news.

(Updated to reflect the fact that figure 6.79 billion was in Taiwan dollars. really dumb I don't catch when the loss of $ 7bn would be likely to bury company)

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