Pandora internet radio

Pandora Internet Radio is a popular streaming online radio, you can also download it in application form for your smart phones. Internet Radio songs can be paused or skipped unlike the radio in your vehicle, and it very simple because you don’t have to download anything to your computer. Pandora CEO Joe Kennedy recently announced that music streaming service had surpassed 150 million users in the United States and was the second most downloaded app in the history of Apple’s App Store. According to the company’s recent earnings report for the first quarter of fiscal 2013, Pandora grew to a record 51.9 million active users, representing a 53% year-over-year increase. The service has a commanding 71.7% share of the top U.S. Internet radio market and controls almost 6% of the total U.S. radio listening market. The company’s total revenue jumped 58% year-over-year to $80.8 million, $70.6 million of which came from advertising and $10.2 million from subscription plans. While advertising revenue increased 62% year-over-year and subscription revenue increased 38%, Pandora still reported a net loss of $0.09 per share.