Pandora +3.5% premarket following March audience metrics

|About: Pandora Media (P)|By:, SA News Editor

Pandora's (P) listener hours rose 14% Y/Y in March to 1.71B. That growth rate is above February's 9% and January's 13%.

On the other hand, active listeners were flat M/M at 75.3M. They were up 8% Y/Y vs. 11% in February.

Pandora's U.S. radio listening share rose to 9.11% from 8.91% in February and 8.05% a year ago.

As previously announced, the company will stop providing monthly audience metrics following its May report. Quarterly numbers will still be posted.

Shares have fallen over 20% since the February metrics were released.