Pandora Losses Widen While Revenue Grows

April 23, 2015 11:50 PM

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Pandora Losses Widen While Revenue Grows

Continuing to focus on growing its user base, Pandora's losses widened in the first quarter ending March 31, posting a net loss of $48.3 million, or 23 cents per diluted share, a 67 percent increase from the $28.9 million it lost in the corresponding period last year. However, the digital radio service's revenue continues to grow, bringing in $230.8 million, an 18.8 percent increase over the $194.3 million generated in the first quarter of 2014.

Advertising revenue growth remains strong, totaling $178.7 million during the quarter, an increase of 27.1 percent. Subscription revenue declined 3.1 percent, to $52 million.

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