Pandora CEO Joe Kennedy Tells Fox Business The Company's Focus Is Not "On The Stock Price" But To "Redefine Radio"
Pandora President & CEO Joe Kennedy spoke with FOX Business Network's (FBN) Stuart Varney about the company going public today. When asked if the company's earnings justify its current valuation, Kennedy said “investors will set the stock price. We are focused on providing a great experience to our listeners.” Excerpts from the interview are below, courtesy of Fox Business Network.
On the company's IPO this morning and whether their earnings justify its current valuation:
“We are not focused on the stock price. We are focused on an enormous opportunity to redefine one of the major consumer categories; radio. Investors will set the stock price. We are focused on providing a great experience to our listeners.”
On Pandora's unique strengths:
“Today we have 3% of all radio listening in this country. We think we have an enormous opportunity to grow that. The great opportunity is personalization. Pandora builds on over 11 years of intellectual property. We continue to invest in that and can strengthen our leadership as the best in the world at personalizing a radio experience.”
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.