Pandora's mobile revenue increases as Kennedy preps departure

03/11/2013 | Mobile Marketer

Pandora is doing a better job of monetizing mobile fans of its streaming music service, with growth in mobile revenue exceeding growth in mobile listening for two consecutive quarters, Chantal Tode writes. Mobile revenue grew 111% to $80.3 million year-over-year while growing mobile listener hours increased by 70% in the company's fourth quarter. The results come as Joseph Kennedy, Pandora's chairman, CEO and president, announced he is leaving the company, which is looking for a successor.

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