- Pandora (P) states on its FQ2 CC it's removing its 40-hour monthly mobile listening cap on Sep. 1.
- The cap, which applies to free (ad-supported) users, has taken a toll on Pandora's mobile listening activity, as its June and July audience metrics demonstrated.
- The decision comes with Pandora facing tough mobile competition from rivals such as TuneIn, Songza, and Spotify, and ahead of Apple's iTunes Radio launch (expected in September).
- Shares -8.5% AH.
- FQ2 results: I, II
Pandora eliminating mobile listening cap
Aug 22 2013, 17:51 ET