Pandora Grew to 4.71 Million Subscribers in Q1, a 20 Percent Increase

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Last week Pandora (NYSE: P) announced its first quarter financial results and operational highlights, including the launch of Pandora Premium, the company’s new on-demand subscription product. One of the biggest highlights of the quarter was subscription growth. Pandora said it now has 4.71 million subscribers, up from 3.93 million in the first quarter of 2016, representing a 20 percent increase. This included 1.3 million trial starts across subscription tiers since Premium was launched to select listeners in mid-March.

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