Pandora Results Exceed Forecast, Eliminating Jobs

Pandora's fourth-quarter results surpassed expectations due to strong ad sales and a new paid offering. Despite facing competition from Spotify and Apple Music, Pandora is making strategic changes, including leadership shifts and new services, to maintain its market position. The company is also considering a potential sale while cutting costs and improving performance, which has positively impacted its stock value.

What is the significance of Pandora's user base in the context of its competition?

How has the competition affected Pandora's market position?

What changes has Pandora made to its leadership recently?

What new initiatives is Pandora introducing to improve its services?

What factors contributed to the increase in Pandora's stock performance?