Pandora paid $149 million, or 54 percent of its revenue, for “content acquisition,” otherwise known as royalties.
What does Pandora do with the other $127 million plus?!? It's incredible to me that they can't operate a profitable company on that kind of cash flow. I'm genuinely curious - where does it go?
What does Pandora do with the other $127 million plus?!? It's incredible to me that they can't operate a profitable company on that kind of cash flow. I'm genuinely curious - where does it go?