Pandora revenue rises 30.5 percent on higher advertising sales

Reuters News
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Posted: Jul 23, 2015 4:12 PM

(Reuters) - Online music streaming company Pandora Media Inc <P.N> reported a 30.5 percent rise in quarterly revenue as it signed up more subscribers and advertising revenue increased.

The company's net loss widened to $16.1 million, or 8 cents per share, in the second quarter ended June 30, from $11.7 million, or 6 cents per share, a year earlier.

Revenue rose to $285.6 million from $218.9 million.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Simon Jennings)