Pandora Posts Record Revenue Of $67M In First Quarter As A Public Company

In its first quarter as a public company, music streaming service Pandora posted record revenue in Q2 2012. For the second quarter fiscal year 2012, total revenue was $67 million, a 117% year over year increase. For the second quarter fiscal 2012, on a GAAP basis, the net loss per per share was $(0.04). The non-GAAP net income per fully diluted common share was $0.02. In terms of net income, Pandora took a loss of $1.8 million for the quarter. But Pandora's Q2 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.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/rPeOYvDKS-8/

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