They say beauty is in the eye of the beholder. At first glance, Pandora looks like it’s on the comeback trail, thanks to a healthy jump in subscription and advertising revenue.
But, as one gets a better look at the streaming audio company’s Q3 numbers, the pale reality of the situation Pandora faces fully comes to light.
Pandora has some steep acquisition costs, and higher operating costs, and this led to an ever-so-small decline in its gross profit for the quarter.
