Pandora (P +3.8%) rallies after posting its May audience metrics. Listener hours totaled 1.1B,...

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

Pandora (P +3.8%) rallies after posting its May audience metrics. Listener hours totaled 1.1B, +4% M/M and+87% Y/Y (April's growth was also 87%). The company's share of U.S. radio listening was 5.80%, up from 3.08% a year ago and down from 5.95% in April (there was a smaller decline from April to May last year). Active listeners stood at 53.3M at month's end, +3% M/M and +52% Y/Y. Pandora has also struck a distribution deal with Mazda. (previous)