Pandora Grew to 4.71 Million Subscribers in Q1, a 20 Percent Increase
But the company also reported a GAAP net loss of $132.3 million.
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.
Subscription Insider now embargoes NEWS and FEATURE articles 14 days after they are published.
All registered site users can enjoy access to our full archive of news and feature content by logging in.
Remember — Subscription Insider membership includes access to all embargoed content.
Subscription Insider has upgraded to a new technology platform and our login process has changed:
FOR FREE EMBARGOED ACCESS:
- Newsletter Subscribers (Free): Please log in using the email you used to signup for our Newsletter. The first time you log in, you will need to reset your password.
- Registered Site Users: Please use the email and password you used when you registered for free site access for Subscription Insider.