Jump to content

Pandora now controls over 70% of top U.S. Internet radio market


Recommended Posts

Posted

Pandora Internet Radio Earnings

Pandora CEO Joe Kennedy recently announced that the music streaming service had surpassed 150 million users in the United States and was the second most downloaded app in the history of Apple’s App Store. According to the company’s recent earnings report for the first quarter of fiscal 2013, Pandora grew to a record 51.9 million active users, representing a 53% year-over-year increase. The service has a commanding 71.7% share of the top U.S. Internet radio market and controls almost 6% of the total U.S. radio listening market. The company’s total revenue jumped 58% year-over-year to $80.8 million, $70.6 million of which came from advertising and $10.2 million from subscription plans. While advertising revenue increased 62% year-over-year and subscription revenue increased 38%, Pandora still reported a net loss of $0.09 per share.

Read

R3R4BpLsSck

 

View the full article

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.