Tuesday, May 6, 2014

Pandora's April Metrics Show 76M Active Listeners

Pandora announced today new metrics that were reached in the month of April 2014.
  • Listener hours for Pandora during the month of April 2014 were 1.70 billion, an increase of 30% from 1.31 billion during the same period last year.
  • Share of total U.S. radio listening for Pandora in April 2014 was 9.28%, an increase from 7.33% at the same time last year.
  • Active listeners were 76.0 million at the end of April 2014, an increase of 8% from 70.1 million during the same time period last year.
Pandora has said it'll stop providing monthly metrics (quarterly numbers will still be shared) following its May numbers (to be provided next month). 

Shares are off sharply from a 52-week high of $40.44 after the company provided disappointing guidance in its Q1 report.

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