Pandora hits $1 billlion in annual turnover

Pandora has generated more than $1bn in turnover in a 12-month period for the first time in history, as its listener numbers return to growth. The US-based streaming radio business last night revealed its Q2 fiscal results for the three months to end of June, posting US $230.9m in revenue – up from $177.3m in the same period the year before. However, the company’s net loss widened from $11.7m in Q2 2014 to $16.1m in the same quarter this year. Over the past six months, Pandora has posted $516.3m in revenue, but a $64.1m net loss in total. More here