Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead Congresswoman Carloyn Maloney advocacy and community relations in New York. She graduated from Columbia University in 2003, where it was ... ? Read More
In the first quarter as a public company music streaming service Pandora posted record revenue in Q2 2012 year. For the second quarter of fiscal year 2012, total revenue was 67 million dollars, 117% year-over-year growth. For the second quarter of fiscal 2012, on the basis of GAAP net loss per share was $ (0.04). Non-GAAP earnings per common share was completely $ 0.02.
In terms of net income loss of $ 1.8 million Pandora took over the quarter. But Pandora's Q2 ad revenue amounted to $58,3 million, 118 percent year-over-year growth. Subscription and other income amounted to $ 8.7 million, 112% year-over-year growth.
The company showed that total listener hours approximately 1.8 billion quarter growth of 125 per cent, compared to approximately 800 million during the same quarter a year ago. Approximate percentage of total United States radio to listen to at the end of the second fiscal quarter amounted to 3.6%, 1.8% from a year earlier. According to the Pandora Services had 37 million active users in July.
In the release, Joe Kennedy, President of & CEO of Pandora said this in his speech: "Pandora radio Personalization — and enthusiastic consumers have become much better experience ...At the same time, advertisers continue their adoption of Pandora's multi-platform ad decisions that led to our 6 consecutive quarters of triple-digit year-over-year revenue growth. In addition to the continued high rates of income growth web Pandora mobile advertising revenue for the first time included about half of all ad revenue as we pave the way for the nascent but rapidly growing market for mobile advertising. Pandora continues to grow our market share of United States radio as we radically transform one of the latest forms of traditional media. "
Proceeds to call Kennedy says that mobile represents 70 per cent use Pandora. And mobile now accounts for half of the company's ad revenue. As we reported at the time of Pandora's IPO, mobile, as it contributes significantly to Pandora in the company's growth.
Another area of growth, said Kennedy, is the placement of Pandora in your car. The company already has a number of deals, including one with Ford Motor Company.
Kennedy also said that Spotify is not really a threat to its business and use. There wasn't any effects from digital music services, in the past few months, "says Kennedy. "We are focused on the radio".
Pandora predicts Q3 revenue range of $ 72.5 million to $69,5 million (representing year-over-year growth between 84% and 92% respectively) and annual income in the range of $ 270 million to $ 275 million (representing year-over-year growth between 96% and 100%, respectively).
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