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http://news.cnet.com/8301-31001_3-10433355-261.html http://news.cnet.com/8301-31001_3-10433355-261.html Looks like they recently turned their first quarterly p

http://news.cnet.com/8301-31001_3-10433355-261.html http://news.cnet.com/8301-31001_3-10433355-261.html Looks like they recently turned their first quarterly profit. I love Pandora. It's the app that's being run the most on all my machines (laptop/desktop/android). In my eyes it's completely overpowered things like satellite radio. Google Music is nice, too, but only if you have a large existing library of music, and in my recent experience it's been very slow to jump from one song to the other. I used to listen to Pandora for ~50 hours a month, but since they added in comedy show clips, my usage has jumped up quite dramatically. I absolutely love it.

webbruce 15y ago
I don't think this is correct at all actually: http://www1.realclearmarkets.com/news/reuters/finance_business/2011/Jun/15/with_no_profit__pandora_media_makes_solid_debut.html http://www1.realclearmarkets.com/news/reuters/finance_busine... And their stock price reflects it
simonsarris 15y ago
That doesn't seem right at all. From Reuters yesterday, "Chief Executive Joseph Kennedy said there was no timeline to turn a profit, though a larger audience should eventually attract advertising dollars." http://www.reuters.com/article/2011/06/15/pandora-idUSN1528387920110615 http://www.reuters.com/article/2011/06/15/pandora-idUSN15283...
ryanhuff 15y ago
The royalty rate that Pandora pays will increase 10% a year until 2015, which is when their current agreement expires. So, essentially, they have to be 10% better at extracting value out of each song played over the next 3.5 years. All bets are off come 2015. http://techcrunch.com/2010/06/16/tc-teardown-pandora-the-tough-business-of-webcasting/ http://techcrunch.com/2010/06/16/tc-teardown-pandora-the-tou...