Pandora (P) reports a jump in subscribers in Q1

Pandora reports it 4.71 million subscribers, that's about 20% more than Q1 2016.

Pandora says 500,000 started trials of its new premium product.

Consolidated revenue for Q1 was $316 million, that's an increase of 6% year-over-year.

Q1 subscription revenue was $64.9 million, that's an increase of 19% year-over-year.

 

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This article was written by a staff member of TheStreet.