“Our mission to reinvent Radio” from the 4th Quarter Conference Call
Share of total U.S. radio listening for Pandora in March 2013 was 8.05%, an increase from 5.73% at the same time last year
Disclaimer: I am a stock holder, will remain so for the long term and believe that Pandora will replace terrestrial radio in the near future and that we have a very bright future in the 15 Billion Dollar Radio Ad Market.
I notice you didn't mention the drop from 8.48% to 8.05 in the month-over-month. My guess is you'll start seeing alot of flatlining/drops in sequential periods going forward. This POS has reached saturation and that's not good news.
Pandora recently posted its metrics for March and yet again, it showed a significant uptick in active listeners. But when will Pandora run out of new customers in the US? If you are concerned, don’t be. At Wells Fargo Tech Transformation Summit, CFO Mike Herring shared some very interesting information regarding Pandora’s growth.
Not only is Pandora continuing to add new listeners, more importantly, the current customers are listening more, aka using more product. Just when you thought Pandora’s growth might leveling off, they demonstrate huge potential in a different direction.