7-24-14
For the second quarter of 2014, Pandora's total revenue was $218.9 million, up 38 percent from Q2 2013. Advertising revenue was $177.3 million, an increase of 39 percent over 2013. Subscription and other revenue was $41.6 million, up 35 percent. Revenue generated from mobile is now $167.5 million up 51 percent from 2013 and now makes up 76 percent of Pandora's total ad revenue. Local advertising grew 144 percent in the quarter to $35.3 million. Pandora's (net) loss for the quarter was $11.7 million. The company also gave guidance for Q3 and expects revenue to come in between $235-$240 million which would be an increase of 39 percent over 2013.
(7/25/2014 11:44:03 AM)
I don't understand the fascination with Pandora. It is a losing business model.
Anyone can duplicate what they are doing. I am a former sicentific computer programmer for the military, and now general manager of a network of radio station. Duplicating and improving upon Pandora's framework would be easy.
This is not a business model that will be successful as it is far too easy to duplicate.
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