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Pandora Surges 21%: All Eyes On Mobile

Mobile revenue growth was 86% y/y and total listening hours grew 80% y/y, implying that monetization has essentially caught up with listener growth. Mobile revenue in 2Q13 represented 58% of P’s total revenue. Mobile listening hours hit more than 75% of total listening hours, up from 70% last quarter.

 

Pandora is increasing its ability to create revenue and investors are taking notice.

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