Pandora -0.9% after releasing April metrics

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

Pandora's (P) April listener hours totaled 1.7B, down fractionally from March's 1.71B (the impact of one less day) but up 30% Y/Y.

Active listeners rose to 76M from 75.3M in March and 70.1M a year ago. The company's U.S. radio listening share (affected some by seasonality) rose to 9.28% from 9.11% in March and 7.33% a year ago.

Pandora has said it'll stop providing monthly metrics (quarterly numbers will still be shared) following its May numbers (to be provided next month). Shares are off sharply from a 52-week high of $40.44 after the company provided disappointing guidance in its Q1 report.