Investors Dance to Pandora's Q2, but How Long Will the Music Last?

[ECTNews]

 Internet radio service Pandora announced its first results as a publicly traded company on Thursday. Quarterly revenues totaled $67 million, 117 percent up year over year, and listener hours hit a new high of 1.8 billion, up 125 percent YoY, Pandora said. Advertising revenue more than doubled, from about $27 million to more than $58 million. However, net losses also increased year over year, from $1.6 million in Q2, 2010, to $1.8 million in Q2, 2011. Pandora's earnings figures are unaudited.

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