Brian McAndrews

Pandora’s Loss Widens, but Revenue Rises

Pandora’s Loss Widens, but Revenue Rises

While focusing on growing its user base, Pandora's losses have widened in the first quarter ending March 31. The company posted a net loss of $48.3 million, or 23 cents per diluted share.

However, the digital radio service's revenue has grown by bringing in $230.8 million, an 18.8% increase over the $194.3 million that was generated in the first quarter of 2014.

During the quarter, advertising revenue growth has remained strong, totaling $178.7 million, an increase of 27.1%. Subscription revenue has shown a 3.1% decline, to $52 million.

In the Q1, the listener hours showed 11% growth, 5.3 billion in total, while active listeners also grew 5.6% to 79.2 million, as compared to 75.3 million in the corresponding period last year.

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