24 05 12

Pandora’s revenues rising, but costs rising faster

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Personal radio service Pandora’s revenues were up 58% year-on-year to $80.8m in Q1 2012 according to its latest financials, but its net loss grew from $6.7m to $20.2m in the same period. A key reason is rising costs: revenues may have risen by 58% in the last year, but Pandora’s ‘content acquisition’ costs rose 91%…

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Stuart Dredge
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