Pandora Mobilizes to Lead the Music Industry
Filed under: Company News, Technology, Earnings, Media
Radio really does have its head in the clouds these days.
Internet radio pioneer Pandora Media (P) continues to make big strides in popularizing streaming audio. Revenue in its latest quarter skyrocketed 51% to $101.3 million. After backing out stock-based compensation expenses, Pandora posted breakeven results. Wall Street was expecting a small loss on just $100.9 million in revenue.
There are now 54.9 million active users of the music discovery service, and Pandora is serving up more than a…
Pandora Mobilizes to Lead the Music Industry originally appeared on DailyFinance.com on 2012-09-01T06:00:00Z.
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