Pandora reaches $100m revenue in Q2
Internet radio service Pandora saw revenue surpass $100m in Q2, according to the company's latest financial results.
Its final revenue figure for the period came in at $101.3m, equivalent to a 51% increase year-on-year - this comprised a share of $89.4m advertising revenue (up 53%) and $11.9m in subscriptions revenue (up 36%).
Royalties (content acquisition costs) for the quarter made up 60% of overall revenue at $60.5m.
Overall, Pandora posted a larger net loss for the period, $5.4m from $3.7m ...
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