Pandora boasts 52 million active users

May 24, 2012
Pandora boasts 52 million active users

Online music streaming company Pandora recently announced its financial results for Q1 fiscal 2013. The company generated total revenue of $80.8 million, which is a gain of 58% year-over-year. The bulk of that revenue came from advertising with $70.6 million generated there. The remainder came from subscriptions at $10.2 million generated.

While the numbers sound good, the company is still expecting a net loss per share of between $0.07and $0.11 for fiscal 2013. Pandora now boasts 51.9 million active users, and those users consume 3.09 billion listening hours of music. That is a lot of people listening to music.

The 51.9 million active user number is up 53% year-over-year. Pandora holds 71.7% of the US Internet radio services market. Pandora commands almost 6% of the entire US radio listening market. Pandora predicts between $420 million and $427 million in revenue for fiscal 2013.

[via TechCrunch]

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