Pandora Revenue Up 117% in Second Quarter

Online music service Pandora saw its second quarter revenue jump to $67 million, a 117% increase, after its first quarter as a publicly traded company. Despite the increase, Pandora posted a net loss of $1.8 million, or 4 cents a share. Advertising revenue was $58.3 million, a 118% year-over-year increase. Subscription and other revenue was $8.7 million, a 112% year-over-year increase, the company announced. The company also said that total listener hours had increased to 1.8 billion hours during the second quarter.

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