Shares of Pandora Media Inc. are dropping after the Internet radio leader’s outlook for the three months through January was mostly short of Wall Street’s forecast.
Pandora stock hit an all-time high Thursday in the wake of a court ruling that should help trim its songwriter royalty costs.
Apple unveiled an Internet radio service called iTunes Radio on Monday and said the service will personalize listeners’ music based on what they’ve listened to and what they’ve purchased on iTunes.
Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts’ forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.
Google Inc. unveiled a streaming music service called All Access that blends songs users have already uploaded to their online libraries with millions of other tracks for a $10 monthly fee.
Shares of Internet radio pioneer Pandora Media Inc. shot up on Thursday after the company said CEO Joseph Kennedy is stepping down and it reported a narrower loss and higher revenue in the fourth quarter than analysts expected.
Streaming radio service Pandora will introduce a cap on mobile listening as it grapples with rising royalty rates.
Internet radio company Pandora Media Inc. said Tuesday that its third-quarter net profit more than tripled to $2 million as revenue rose slightly faster than costs. But it predicted a loss in the fourth quarter, a bad surprise for investors who sent shares tumbling.
KCBS Technology Analyst Larry Magid looks at the newly redesigned MySpace website and how it might compete with heavyweights like Pandora, Spotify and Facebook.
Internet radio company Pandora is adding more functionality to its mobile apps as the race to grab a larger share of mobile advertising dollars heats up.