Pandora posts $16.1m loss in Q2 2015 but revenues up 30%
Pandora posted a 30% year-on-year revenue increase in the second quarter, although that was coupled with a net loss of $16.1 million.
That compared to a net loss of $11.7 million at the same point in 2014.
The internet radio company’s losses are said to have grown because of sales and marketing costs increasing by 42%, while headcount also increased.
Meanwhile, royalties only grew 16.8%.
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