Pandora Media ( P) Q4 2011 Earnings Call March 6, 2012 5:00 p.m. ET Executives Joe Kennedy - Chairman and CEO Steve Cakebread - CFO Dominic Paschel - VP, Corporate Finance and Investor Relations Analysts Doug Anmuth - JP Morgan Scott Devitt - Morgan Stanley Mark Mahaney - Citigroup Laura Martin - Needham & Company Jordan Rohan - Stifel Nicolaus Nat Schindler - Bank of America Merrill Lynch Heath Terry - Goldman Sachs Jason Maynard - Wells Fargo Jeff Houston - Barrington Research Richard Greenfield - BTIG Rich Tullo - Albert Fried & Co. Edward Williams - BMO Capital Markets Aaron Kessler - Raymond James Ralph Shackart - William Blair PresentationOperator
Welcome to Pandora Media’s fiscal fourth quarter and full year 2012 financial results conference call. [Operator instructions.] Opening today’s call is Dominic Paschel, VP, corporate finance and investor relations. Dominic Paschel Good afternoon and welcome to Pandora’s fourth quarter and full fiscal 2012 financial results call for the quarter ended January 31, 2012. Some of our discussions will contain forward looking statements which may include projected financial results or operating metrics, business strategies, anticipated future products or services, anticipated market demand or opportunities, and other forward-looking topics. These statements are subject to risks, uncertainties, and assumptions. Accordingly, actual results could differ materially. For a listing of our risks that could cause our results to differ from today’s discussion, please refer to the documents we filed with the Securities and Exchange Commission. I would also like to remind you that during the course of this call, we may discuss non-GAAP measures of our performance. Reconciliations to the most directly comparable GAAP financial measures are provided in the tables in the press release and form 8-K filed this afternoon with the SEC.