Pandora Doubles Subscription Revenue to $20.4 Million

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Pandora’s number of premium subscribers grew to 2.5 million after the company acquired 700,000 new subscribers in Q1 of 2013, according to a recent press release, giving Pandora the largest US subscriber base of any online music subscription service. The subscription numbers  also allowed the company to garner $20.4 million in subscription revenues in the first quarter alone, a 100% increase over the $10.2 million made in subscription revenue in Q1 of 2012. CEO Joe Kennedy attributed…

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