Mobile now 76% of Pandora’s business, but profits remain elusive – Music Ally

Personal radio service Pandora announced its latest financial results last night, reporting revenues of $194.3m for the first quarter of 2014, up 69% year-on-year. That included $147m of revenues from its mobile business, which thus now accounts for 76% of the company’s income. Pandora generated 4.8bn listener hours for the quarter – up 12.7% – and ended Match with 75.3m active listeners.

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