Pandora loses users but increases profits
Pandora loses users but increases profits due to an additional 251,000 subscribers for its Pandora Plus and Pandora Premium service plus a 12% increase in advertising revenue. SiriusXM, Pandora’s parent company, posted its 2019 annual results which showed a decline in Monthly Active Users from 69.4 million in 2018 to 63.5 million in 2019. This was offset by record advertising revenues of $1.2 Bn – a 10% increase over 2018. Total revenue for Pandora grew […]