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Pandora subscriber revenue surges 63% in Q1

Friday 4 May 2018 | 09:45 CET | News

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Digital music service Pandora reported better-than-expected revenues of USD 319.2 million in the first quarter, up 12 percent year on year, thanks above all to a 63 percent surge in subscription revenue to USD 104.7 million. The company said revenues "significantly exceeded forecasts", as did its adjusted EBITDA loss of USD 73.3 million, compared to a USD 71.3 million loss a year earlier, while its net loss improved to USD 131.7 million from USD 132.3 million in Q1 2017. However, advertising revenue from unpaid users fell to USD 214.6 million from USD 275.7 million a year earlier.

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Categories: Broadcast & Satellite / Mobile & Wireless
Companies: Pandora
Countries: World
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