Pandora’s third quarter up, but misses expectations
Pandora has reported its third quarter financial results, and total revenues, mobile revenues, “listener hours,” and active users are all up. Total revenues reached $120 million, a 60 percent increase over last year, but the company ended the quarter with just $80.5 million in cash or cash equivalents, down from last quarter’s $82.3 million. As The Next Web reports, the revenues failed to match analysts’ expectations and Pandora’s stock has fallen by 20 percent in after-hours trading.
[Source: Pandora / The Next Web]
























