The company has experienced strong growth in the past couple of years, doubling its user base, as more customers listen to their music on phones and tablets. In 2011, Pandora had over 100 million registered users, and has since seen another 100 million registered users sign up for its service.
"I have to admit, we had no idea what was in store," said co-founder Tim Westergren in the press release, describing creating the service. "It has been, and continues to be, an extraordinary experience for all of us."
Pandora recently posted exceptionally strong fourth-quarter results, as revenue rose 54% year-over-year to $125.1 million.Pandora Crushes Earnings; AM/FM Radio Officially Dead The Oakland-based Pandora gave first-quarter guidance that was sharply higher than what Wall Street was expecting. The company expects to lose, on a non-GAAP basis, 10 cents to 13 cents a share, but revenue is expected to be between $120 million and $125 million in the first quarter. Analysts surveyed by Thomson Reuters expect a loss of 11 cents on $123.68 million in sales. Shares of Pandora were higher in early Thursday trading, up 1.26% to $13.61. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV