Pandora Slows Losses – Posts $28.9 Million Q1 Deficit

Posted by at 2:10 pm on April 28, 2016

Pandora-LogoStreaming music service Pandora today announced financial results for the first quarter of 2016, posting a loss of $28.9 million, an improvement from the $48.3 million loss it showed in the year-ago-quarter.

Total consolidated revenue was $297.3 million, growing 29 percent year-over-year. Total listener hours grew 4 percent to 5.52 billion for the first quarter of 2016, compared to 5.30 billion for the same period of the prior year.

Active listeners were 79.4 million at the end of the first quarter of 2016, up compared to 79.2 million for the same period of the prior year.

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