Pandora (P -5%) is adding to the giant losses it saw on Friday on a report Apple is working on a...
Monday, September 10, 2012, 1:30 PM ETPandora (P -5%) is adding to the giant losses it saw on Friday on a report Apple is working on a rival service (I, II). The decline comes even though Pandora released decent August audience metrics this morning. U.S. radio listening share was 6.30%, up from 6.13% in July and 3.67% in August '11. Active listeners +2.4% M/M and +48% Y/Y to 56.2M. Listener hours +3.6% M/M and +70% Y/Y to 1.16B - those numbers suggest hours/user are growing. (July metrics)
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