Get flash to fully experience Pearltrees
Pandora Media Inc., the Internet- music company preparing for an initial public offering, said revenue more than doubled last quarter and its user base topped 90 million, solidifying its lead in streaming radio. Sales rose to $51 million in the three months ended April 30, from $21.6 million a year earlier, the Oakland, California- based company said today in a regulatory filing. The company said it expects to complete the share sale by the end of June. Enlarge image
If you like listening to Pandora , the customizable music-streaming service, you will be depressed to learn that its business model -- as presented in its initial public offering -- appears to be unprofitable because it is upside down. That's bad news for any kind of digital media provider trying to make money by selling ads next to content. In fiscal 2010, Pandora made a loss of $16.7 million on revenues of $55.1 million. Here's the breakdown of advertising revenues to subscription revenues: Pandora revenue streams Advertising: $50 million (91%) Subscriptions: $5 million (9%) Now take a look at a comparable music service, Sirius XM (SIRI).
Pandora founder Tim Westergren. By Stacy Cowley , tech editor February 11, 2011: 6:52 PM ET NEW YORK (CNNMoney) -- Internet radio site Pandora filed late Friday to raise up to $100 million in an initial public offering.
On Tuesday, I caught up with Tim Westergren , the founder of Pandora , in Grand Forks, North Dakota. He was doing a town hall tour of the nation and meeting up with listeners. It was a great experience to see Tim talk and hear listener ideas about where the company should go. After the well-attended event, he and I sat down and chatted about many of the topics that have been floating around the Hypebot community.
By Shira Ovide Online-music service Pandora Media today filed its much anticipated IPO , which gives us our first public glimpse at the company’s business plans and successes. First, the good news.
50% of radio listening happens in the car. In order for Pandora to be in all the places that their users go, they need to find their way into the car. At CES this week, Pandora announced partnerships with Toyota and BMW that would place them one step closer to musical domination. Having personalized content in the car is going to be a crucial trend in the coming years and Pandora is making sure that it doesn't miss out. At this point, Pandora has over 75 million-plus users and is embedded in over 200 devices, but getting into your dashboard is critical for their path to revolutionizing the traditional radio industry.
The road to online music streaming is littered with the bodies of startups with interesting ways of sharing music. And internet radio darling Pandora was almost one of them — multiple times. This weekend, The New York Times documented the various ways that Pandora almost went out of business over the 10 years of its existence. Pandora is on track to earn $100 million this year. That turn around is due to a number of issues.
Pandora founder Tim Westergren said he hopes Pandora will remain profitable in 2010 after posting its first profit in the fourth quarter of 2009. By David Goldman , staff writer February 18, 2010: 10:41 AM ET NEW YORK (CNNMoney.com) -- In an online world saturated by struggling streaming music services, Internet radio site Pandora appears to be making all the right moves. Last year, the 10-year old company recorded its first profitable quarter, doubled its subscription base to more than 40 million users and took in $50 million of revenue. The company also announced several new partnerships that allow users to take Pandora with them in the car and on the TV. Pandora certainly seems to have found its sweet spot, making it a standout among other streaming services that have not been able to make it on their own.