Pandora Posts 3Q Profit, Reaches 40 Million Users

Pandora Posts 3Q Profit, Reaches 40 Million Users

Pandora Posts 3Q Profit, Reaches 40 Million Users
Pandora Media Inc.
reported a moderate third-quarter profit of $638,000 compared to a loss of $1.8 million reported in the year-ago quarter, and the company's revenue reached $75 million, up 99 percent compared to the $37.7 million reported last year. Additionally, Pandora attained 40 million active users during the third quarter, up from 65 percent from 2010, and listening hours increased 104 percent to 2.1 billion. Pandora now holds a 66 percent share of the U.S. Internet radio market. (11/23)

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