Pandora Announces Listening Metrics, Financial Results
February 6, 2014

Pandora has announced its latest listening metrics that were reached in the month of January. The Internet radio service reports that listener hours in January were 1.58 billion, an increase of 13 percent from 1.39 billion during the same period last year. Share of total U.S. radio listening for Pandora in January was 8.57 percent, an increase from 7.68 percent at the same time last year. Active listeners were 73.4 million at the end of January, an increase of 12 pecent from 65.6 million during the same time period last year.

In related news, the company also reported year-end financial results for 2013, as well as for the fourth quarter. For the calendar year 2013, GAAP total revenue was $637.9 million, a 56 percent year-over-year increase. Non-GAAP total revenue was $647.5 million, a 56 percent year-over-year increase, including $9.6 million in revenue relating to subscription return reserve. Advertising revenue was $521.2 million, a 45 percent year-over-year increase. Non-GAAP subscription and other revenue was $126.3 million, a 135 percent year-over-year increase.

As for Q4, Pandora reported that GAAP total revenue was $200.4 million, a 52 percent year-over-year increase. Non-GAAP total revenue was $200.8 million, a 51 percent year-over-year increase, including $0.4 million in revenue relating to the subscription return reserve. Advertising revenue was $162.0 million and non-GAAP subscription and other revenue was $38.8 million, a 132 percent year-over-year increase.

"Pandora continued growing revenue over 50 percent year-over-year," stated President & Chairman Brian McAndrews. "We continued to improve monetization, which was reflected in record RPMs on all dimensions of our business, and drove our first non-GAAP profitable year as a public company. Throughout the year, we were able to invest back into the business with notable achievements, improving our product, innovating across multiple technologies, devices and automotive platforms in our continuing efforts to reinvent radio and make Pandora available anytime, anywhere for millions of listeners. 2013 marked notable growth from user metrics to financial achievements. These have largely been driven by our position as a leader in mobile media, both in user engagement and monetization. We remain intensely focused on advancing Pandora's mission to reinvent radio. To fully capture the substantial market opportunity ahead of us, we will continue to aggressively invest in 2014 in sustained audience and engagement growth as well as activities that further accelerate monetization. As such, our bias will continue to be toward revenue growth and capturing additional market share."




 
Breaking News
Clear Channel Rebrands As iHeartMedia
Nielsen Releases Radar September 2014 Network Ratings
Republic Records Restructures Media Department, Adds Key Executives
NRG Media Names Erica Dreyer Director Of Integrated Media
In Brief - September 16, 2014
September 15, 2014
WLUP-FM/Chicago Takes Fresh Direction With New Weekday Line-up, Nationwide Talent Search
CCM+E San Antonio Names Don Gosselin PD For KAJA, KRPT
Justin Wittmayer Appointed VP/Market Manager For Cumulus San Francisco
BIA/Kelsey Releases New Study On SMB Social Media Usage
In Brief - September 15, 2014
September 12, 2014
Republic Records Names Rick Krim EVP, Artist Development
BIA/Kelsey Releases New Study On SMB Social Media Usage
The Week In Review: 9/8-9/12
NAB Donates To Committee To Protect Journalists In Honor of James Foley, Steven Sotloff
2014 NAB Marconi Radio Award Winners Announced
iStream Data Debuts, Appoints VP/GM
In Brief - September 12, 2014
September 11, 2014
CBS Radio, United Stations Radio Networks To Launch Scott Shannon Presents "America's Greatest Hits"
iBiquity Digital, TagStationTo Deliver Next Generation Of The Digital Dash
Pandora Strikes US Licensing Deal With BMG
NAB President, CEO Gordon Smith Opens 2014 Radio Show
In Brief - September 11, 2014
September 10, 2014
Warner Music Group Creates Unified Global Business Development Team
HD Radio Broadcast Momentum Continues
iStreamMusic.com Expands Music Channel Lineup
In Brief - September 10, 2014
Music News
Taylor Swift Talks 1989
Quick Hits: Katy Perry / MTV EMAs, Icona Pop, Whitney Houston, Manchester Orchestra, Mary Lambert, K. Michelle
One Direction Says "Steal My Girl"
Quick Hits: Beyoncé & Jay Z, Neil Young's Bridge School Benefit, Bon Jovi, George Harrison
Quick Hits: Gwen Stefani, Iggy Azalea, Demi Lovato, Calvin Harris, Ellie Goulding, Kendrick Lamar
U2 Already Plotting Next Album?
The Week In Review: 9/8-9/12
Quick Hits: Madonna & Alicia Keys, Kanye West, Ariana Grande, iHeartRadio Australia Music Festival, Stevie Wonder
Maroon 5 Land Second #1 Album With V
Ariana Grande To Hit The Road For "The Honeymoon Tour"
Quick Hits: Nicki Minaj, Paul McCartney, John Mellencamp, The Lumineers
U2 Gives Away New Album Via iTunes
Quick Hits: Mary J. Blige, Alicia Keys, Avicii, P!nk, Bruce Springsteen, David Bowie
One Direction Announce The Release Of New Album FOUR
Quick Hits: G.R.L.
FMQB NOW

Marissa Lanchak
APD/MD
WFLY/Albany

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!