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"We've turned the corner on mobile monetization," boasted CEO Joe Kennedy on Pandora's (P) FQ4...

"We've turned the corner on mobile monetization," boasted CEO Joe Kennedy on Pandora's (P) FQ4 call, even as he remained vague about the reasons for his planned departure. In spite of the boast, Pandora's mobile ad revenue per thousand hours (RPM) fell 8% Q/Q to $23.51, and was 56% below a PC ad RPM of $53.53, which itself was down 8% Q/Q. Pandora attributes the latter drop to a greater sales focus on mobile. Pandora's share of U.S. radio listening hit 8.48% in February, up from 8.03% in January and 5.74% a year ago. P +21.3% AH. (live blog) (previous)
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