Oakland, Calif.-based Pandora said its non-GAAP profit came in at $3.3 million, or 2 cents a share, for the three months ended Oct. 31 with revenue totaling $75 million. The average estimate of analysts polled by Thomson Reuters was for a loss of a penny per share in the company's fiscal third quarter on revenue of $71.4 million.
Total listener hours came in at 2.1 billion for the quarter, up more than 100% from last year's equivalent period.
"Rapid growth of 104% year-over-year in listener hours and record Internet radio market share growth to 66% illustrates the strong demand for personalized radio," said Joe Kennedy , the company's chairman, president and CEO, in a statement. "Our growing scale and powerful, multi-product advertising platform is enabling Pandora to increasingly penetrate areas that were once solely served by terrestrial radio."
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