Pandora?s Quarterly Results: $80.8M In Revenue, 52M Active Users & 3.09B Listening Hours

Internet music service Pandora just announced its financial results for the first quarter of its fiscal 2013. The company had a total revenue of $80.8 million, a 58% increase year-over-year. Out of these $80.8 million, $70.6 million came from advertising revenue and $10.2 million from subscription revenue. Advertising revenue increased 62% year-over-year and subscription revenue increased 38%. Despite its increased revenue, Pandora still reported a net loss per share of $0.12 and Non-GAAP net loss of $0.09 per share.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/MVO46jL3P74/

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