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Pandora revenues improve, losses narrow on subscriber growth

Thursday 22 February 2018 | 10:46 CET | News
Digital music service Pandora reduced its net loss to USD 44.7 million in the fourth quarter from USD 90.0 million a year earlier. The company's revenues from continuing operations, excluding the sold activities in Australia and New Zealand and Ticketfly, rose 7 percent year-on-year to USD 395.3 million. The growth was led by the shift to subscription services, offsetting a drop in ad revenues. Adjusted EBITDA moved to a positive USD 5.8 million from a loss of USD 30.4 million in the same quarter of 2016.

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Categories: Internet
Companies: Pandora
Countries: North America
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