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Monday, April 27, 2015

Pandora Revenue Up 19% In Q1


For the first quarter of 2015 Pandora reported total revenue of $230.8 million, up 19 percent from 2014. Advertising revenue made up $178.7 million of that total: $181.1 million came from moble, up 23 percent, and local advertising revenue was $43.3 million, up 67 percent. There are now 3.8 million paid Pandora subscribers. The company did report a loss of $48.3 million in Q1, widening from $28.9 million a year earlier. The company expects to cross the billion-dollar revenue mark in 2015, forecasting a total of between $1.16 to $1.18 billion. The company also gave guidance of $280 to $285 million for Q2.

(4/24/2015 12:06:57 PM)
Go Pandora! Fuck radio!

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