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Pandora reduces losses in Q2 as revenues grow 12%

Wednesday 1 August 2018 | 08:42 CET | News

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Streaming music service Pandora reported revenues of USD 384.8 million for the second quarter, up 12 percent excluding the sold activities in Australia and New Zealand and Ticketfly. Subscription revenues rose 67 percent to USD 113.7 million. The company's net loss narrowed to USD 92.0 million or 38 cents a share from USD 275.1 million or USD 1.20 per share a year ago, and the adjusted EBITDA loss reduced to USD 34.6 million from a loss of USD 54.3 million in the same quarter last year.

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Categories: Internet
Companies: Pandora
Countries: United States
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