Pandora 2012 Annual Report Download - page 72
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Table of Contents
Pandora Media, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
Fiscal Year Ended January 31,
2010 2011 2012
Revenue:
Advertising $ 50,147 $ 119,333 $ 239,957
Subscription services and other 5,042 18,431 34,383
Total revenue 55,189 137,764 274,340
Costs and expenses:
Cost of revenue 7,892 11,559 22,759
Product development 6,026 6,736 13,425
Marketing and sales 17,426 36,250 65,010
General and administrative 6,358 14,183 35,428
Content acquisition 32,946 69,357 148,708
Total costs and expenses 70,648 138,085 285,330
Loss from operations (15,459) (321) (10,990)
Other income (expense):
Interest income 62 31 59
Interest expense (898) (612) (616)
Other income (expense), net (458) (728) (4,485)
Loss before provision for income taxes (16,753) (1,630) (16,032)
Provision for income taxes — (134) (75)
Net loss (16,753) (1,764) (16,107)
Deemed dividend on Series D and Series E redeemable convertible preferred stock (1,443) — —
Accretion of redeemable convertible preferred stock (218) (300) (110)
Increase in cumulative dividends payable upon conversion or liquidation of redeemable convertible preferred stock (6,461) (8,978) (3,648)
Net loss attributable to common stockholders $ (24,875) $ (11,042) $ (19,865)
Basic and diluted net loss per share attributable to common stockholders $ (3.84) $ (1.03) $ (0.19)
Weighted-average number of shares used in computing per share amounts 6,482 10,761 105,955
The accompanying notes are an integral part of the consolidated financial statements.
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