Tuesday, July 12, 2011

Pandora Hits 100 Million User Mark.

Pandora Internet Radio http://snapvoip.blogspot.com/
The public company Pandora just announced about it's user base hitting 100 million mark with 36 million monthly active users. Pandora lives on my phone(s) and tablets and provides me with music, when I am on a WiFi network. Also I am still grandfathered in to unlimited data from some of the carriers, allowing me to listen to music in the park. When Pandora allowed us to play music in the background (iPhone), I guess the usage increased.
In addition to the user base, company has also increased the market share from 2.3% in 2010 to 3.6% of all radio listening in the US.
I think Pandora shares are doing well to but I am no stock broker so better check Pandora stock performance that else where.

Press release;

OAKLAND, Calif., July 12, 2011 - Pandora (NYSE: P), the popular internet radio service, today announced 100 million registered users and 36 million monthly active users. More than 100 million people have registered to listen to Pandora's free personalized radio service across hundreds of consumer electronic devices including computers, smart phones, TVs, set-top boxes, alarm clocks, tablets and car dashboards. On a monthly basis, 36 million listeners access Pandora across these multiple platforms as Pandora continues to increase its share of the radio listening market.

During the Company's first Analyst Day, Pandora's CEO and President Joe Kennedy noted that Pandora is redefining radio, where 80 percent of all music listening occurs. Pandora ended 2010 with 2.3 percent market share of all radio listening in the United States. Six months later, Pandora has increased its market share to 3.6 percent of all radio listening in the United States.

Other presenters at the Pandora Analyst Day include Pandora Founder and Chief Strategy Officer Tim Westergren; Chief Technology Officer and Executive Vice President of Product Tom Conrad; Executive Vice President of Business Development Jessica Steel; Chief Revenue Officer John Trimble; and Chief Financial Officer Steve Cakebread.
An archived webcast of Pandora Analyst Day will be available through July 26, 2011, at http://investor.pandora.com.


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