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Pandora revenues and listener hours up in Q2 2014 as losses widen

Tom Pakinkis
Pandora

Internet radio platform Pandora saw its listener hours top 5 billion in the second quarter of 2014 with revenues up 43% year-on-year, but its losses almost doubled over the period.

The company posted revenues of $218.9 million (£128.9m) in the three months ended June 30 – up from $153.4 (£90.4m) million over the same period in 2013.

Its net loss increased, however, from $6.9m (£4.1m) in Q2 2013 to $11.7m (£6.9m) in Q2 2013.

For H1 2014 Pandora posted total revenues of $413.2m (£243.3m) up from $268.2m (£158m) in the second quarter of 2013.

The company actually saw its losses narrow year-on-year over a six month period. In H1 2013 it made a loss of $45.6m (£26.9m) and improved on that in H1 2014 with losses of $40.7m (£24m).

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Tags: Digital, Pandora, internet radio, financial results

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