Pandora announces record marks with its first quarter earnings report

Pandora announces record marks with its first quarter earnings report
Ask anyone you know with a smartphone as to what music service app they have on their device, most would probably tell you Pandora – and that’s with good reason. Apparently, Pandora claims to own a commanding 71.5% share of the US market after they recently announced their earnings report.

Flexing its muscles, Pandora confidently announced that it has surpassed 150 million users in the United States alone, and more importantly, they also claim the title of having the second most downloaded app in the Apple’s App Store history.

During its first quarter 2012-2013 fiscal year, the music streaming giant manage to grow its business by adding on a record 51.9 million active users, which is an impressive 53% increase from last year. As much as that 71.5% market share sounds really nice, in the greater US radio listening market, they actually hold a 6% market share.

In terms of revenue, Pandora managed to get a 58% year over year increase, as they established a total revue of $80.8 million – of which $70.6 million came from advertising alone, while the other $10.2 million coming from its subscription plans. Despite all of the wonderful news, they still managed to report a net loss of $0.09 per share, but as they continue to expand into other markets around the world, we can only hope to see net gains.

source: Pandora via BGR

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6 Comments

1. jmoita2

Posts: 930; Member since: Dec 23, 2011

The best music streaming app, bar none!!!

2. itiswhatitis

Posts: 423; Member since: Jan 23, 2012

sad its only in the states, i wish they have it world wide!!!!!!!

3. skymitch89

Posts: 1453; Member since: Nov 05, 2010

I wish that they would focus more on updating and stabelizing their Android app instead of trying to increase their profits. If it weren't for the app being the way that it is, and me not being able to afford the yearly subscription, I would've probably already gotten the "premium" account. I will be listening to songs just fine when all of a sudden it will randomly change the song, even if the song just started.

4. KParks23

Posts: 729; Member since: Oct 13, 2010

That happens when u lose service on my bolt before it got all patched up it would do it alot but ever since the patches its never happened again usually happened in on 3g 4g handoffs

5. BattleBrat

Posts: 1476; Member since: Oct 26, 2011

I have used all the major Internet Radio apps (Paid ones, I subscribed to Pandora for a while. Spotify, Slacker, LastFM, DI radio, SKY FM, Sony Music Unlimited, I tried MOG Radio IO Live 365 Rhapsody, and Deezer) and Pandora was my LEAST favorite, try Slacker or Spotify, Pandora? Meh... Pandora is big because their free service offers the most features, but among paid services it blows.

7. jmoita2

Posts: 930; Member since: Dec 23, 2011

Nice website.

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