Pandora’ stock has been a dud since its 2011 IPO. However, buyers have come on of late, starting with a sharp earnings gap higher last month. That gap has held intact, as the stock has been drifting ever since. You are talking about a stock being laughed off the stage by many due to increased competition, among other factors. Nonetheless, as you can see in the piece below, Pandora is not fading away quite so easily. 200 million registered users is nothing to sneeze at, as Pandora is capable of leveraging them in many ways…
via Seth Fiegerman at Mashable.com
Pandora has now passed 200 million registered users for its online radio service, the company announced Tuesday.
It took Pandora six years to sign up its first 100 million registered users — a milestone it reached in July 2011 — and a little less than two years to double that user base. Pandora also noted that 140 million users now access the service from mobile.
“We started this company to help people discover and enjoy music they love, and to help artists reach and grow their audiences. Only in our wildest dreams did we imagine what it would become,” Pandora’s founder Tim Westergren said in a statement. “It is now clear that radio is changing, and that’s great news for music fans and for the tens of thousands of working artists who now have a home on the air.”
Of those 200 million registered users, only about 70 million actually use the service on a monthly basis, according to Pandora’s first quarter earnings report. Still, that puts Pandora well ahead of competitors like Spotify, which has around 24 million active users — 6 million of which pay for the service.
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