Pandora -3.6%; audience metrics show slower listener hour growth

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

Pandora (P) had 75.3 active listeners in February, +3% M/M and +11% Y/Y. (PR)

Listener hours for the 28-day month rose 9% Y/Y to 1.51B. That's a slower growth rate than the 13% posted for January.

Pandora's share of total U.S. radio listening was 8.91%, up from 8.57% in January (thanks in part to seasonality) and 8.25% a year ago.

The company says it will discontinue sharing its monthly audience metrics after providing May numbers. Quarterly numbers will still be provided.