EVENT: P Best Idea SHORT call

Takeaway: Join us for our call Thursday, January 15th at 1:00pm EST. Call details will be posted Thursday morning.

We will be hosting a call outlining their Best Idea Short thesis on Pandora Media (P).  P’s user retention issues and waning TAM create a precarious setup into 2015.  Further, its monetization strategy will only make this worse.

    

Join us for our call Thursday, January 15th at 1:00pm EST.

 

 

KEY TOPICS WILL INCLUDE  

  • Users to Decline in 2015: P’s waning TAM isn’t large enough to compensate for its heightened attrition issues.
  • Tug of War: P will need to continue increasing ad load to drive much of its revenue growth, which will exacerbate its attrition issues.
  • Lofty Consensus Revenue: P would require a considerable acceleration in ARPU growth to hit 2015 estimates.  If P falls short in 2015, 2016 would be unattainable.

 

CALL DETAILS

We will be posting call details Thursday mornings.  Ping us or email  for more information.

 

 

 

Hesham Shaaban, CFA

@HedgeyeInternet

 


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