Pandora shares jumped 20% at the close of trading yesterday after the internet radio service delivered results that exceeded expectations and said that it could turn its first profit this year.
The streaming internet radio platform remained unprofitable, however, in its fiscal 2013 year with a net loss of $38.1m.
Pandora’s Q4 revenue grew 54% to $125.1 million, boosted by mobile advertising revenue and subscriptions, but is also thought to be helped along by reports that an upcoming Apple rival ...
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