Pandora’s year-on-year revenue growth has slowed, Q2 sales rose 38.5% to $218m – the company has previously seen consistent year-on-year growth over 50%.

It’s the highest fall in 16 months for the music streaming service. Results failed to meet analyst’s expectations meaning share price plummeted 16.6% to $23.51, according to the FT.

The company also released Q1 results, where sales were up 69% to $194m and losses down $29m. It’s an improvement from 2013, which stood at $40.7m ...