Surprise! Pandora posts better-than-expected sales as it gains paying subscribers but why is the stock down?

Credit: bizjournals- Published on February 22, 2018
It's a good news/bad news story for Pandora Media and its shareholders. It posted a better-than-expected increase of 63 percent in subscription revenue Wednesday afternoon, boosting its share 11 percent in after-hours trading. Oakland-based Pandora said it had 5.48 million paying subscribers by the end of the fourth quarter, a...
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