Pandora’s boost in Q1 revenue, thanks largely to an increase in subscribers who want to listen to ad-free Internet radio, helped the streaming media company turn in a quarterly report Thursday that beat expectations. The Internet radio service reported $126 million in revenue, a 55 percent increase from the same period last year and higher than the $124 million analysts predicted. Its total revenue per thousand listener hours grew from $26.09 a year ago to $30.01 for the quarter.
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Pandora's Mobile Biz Tunes in Q1 Growth
Posted by: Rachelle Dragani May 24, 2013 10:43 AMPandora’s boost in Q1 revenue, thanks largely to an increase in subscribers who want to listen to ad-free Internet radio, helped the streaming media company turn in a quarterly report Thursday that beat expectations. The Internet radio service reported $126 million in revenue, a 55 percent increase from the same period last year and higher than the $124 million analysts predicted. Its total revenue per thousand listener hours grew from $26.09 a year ago to $30.01 for the quarter.