For those interested in music company stocks, pay close attention to the following: On Monday, July 31, Pandora Media (NYSE:$P) reported financial results for the second quarter, which ended on June 30, 2017.

“We have taken a number of steps to hone the company’s strategy and position Pandora to continue to build audience and extend monetization through a combination of advertising and subscription revenue streams. In addition to exceeding our revenue expectations this quarter, we also announced several important strategic moves including a $480 million investment from Sirius XM, the sale of Ticketfly, and changes to our board and management team,” said CFO and interim CEO Naveen Chopra.

Here are 9 essential things to know about Pandora’s Second Quarter:

1. Ticketing Service: For Q2, ticketing service revenue came in at $29.7 million, which is a 31% year-over-year increase.
2. Revenue: Total consolidated revenue for Pandora came in at $376.8 million, which is a 10% year-over-year increase.
3. Pandora Subscribers: The company’s total paid subscribers grew from 3.93 million in the second quarter of 2016 to 4.86 million in the second quarter of 2017. This is significant as it represents a 24% year-over-year increase.
4. Advertising: For the second quarter of 2017, advertising revenue came in at $278.2 million, which is a 5% year-over-year increase. It is thought that advertising growth was enabled by higher ad-loads relative to the 2016 period.
5. Pandora’s GAAP Net Loss and Adjusted EBITDA: GAAP net loss came in at $275.1 million compared to a net loss of $76.3 million in the same quarter in 2016. Adjusted EBITDA was a loss of $54.3 million, in comparison to a loss of $25.1 million in the same quarter of 2016.
6. Pandora Listener Hours: Total listener hours for Pandora were 5.22 billion for the second quarter of this year. This is compared to 5.66 billion for the same period in 2016.
7. Investments and Cash: Looking back at the first quarter of 2017, Pandora ended with $227.6 million in investments and cash. This is compared to $203.0 million at the end of the prior quarter.
8. Active Listeners: At the end of the second quarter of 2017, Pandora active listeners hit 76.0 million.
9. 2017 Guidance: Guidance will be a topic of conversation during today’s second quarter conference call (July 31 at 2 p.m. PT/5 p.m. ET)

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Author Caroline Harris

About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.