Pandora wins more paid subscribers, posts smaller loss than expected

Pandora wins more paid subscribers, posts smaller loss than expected

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/01/pandora-wins-more-paid-subscribers-posts-smaller-loss-than-expected.html

Pandora Media lured thousands of more paid subscribers in the second quarter, helping the music streaming company report a smaller loss than Wall Street was expecting and driving its shares 12 percent higher on Tuesday.

Pandora faces brutal competition from bigger rivals Spotify , Apple Music and Google's Play Music, and has been launching new features to woo more subscribers as part of a turnaround aimed at achieving profitability.