Internet radio company Pandora reported revenue for its second fiscal quarter after the market closed yesterday and the numbers were big. Not only that Pandora continues to tout itself as the one company that is "fundamentally transforming one of the last forms of traditional media, radio.? Listen to Pandora CEO Joe Kennedy's statement. Kennedy also says at only 3.6% of the total radio listening audience, Pandora has barely scratched the surface of its potential. "We are the clear market leader in Internet Radio. We have a tremendous opportunity to grow and we are investing heavily to do so.
Joe KennedyFor the second quarter total revenue was $67 million, a 117% year over year increase. Advertising revenue was $58.3 million, a 118% year over year increase. Subscription and other revenue was $8.7 million, a 112% year over year increase. Pandora officials also gave guidance for the balance of 2011 stating they believe Q3 revenue will come in between $69.5 million to $72.5 million and for the year revenue shoudl be slightly north of $270 million.
(8/26/2011 5:55:21 AM)
Over ten years, how much revenue has HD Radio generated? ZERO! LMFAO!
Add a Comment | View All Comments Send This Story To A Friend
