Pandora, one of the most popular internet radio station today announced that it is controlling over 70% of the Internet Radio market in the United States.
Pandora has been one of the most widely used internet radio station in the US and now, we’ve got some statistics from Mr. Joe Kennedy, CEO, Pandora. The company today announced that they are controlling 71.7% of the internet radio industry in the US with over 150 million active users in the country. The company recorded a huge spike in their revenue by 58% when compared to last year. The company now has the value of $80.8 million and also, is generating a huge amount of money from advertising, which is $70.6 million and also, a $10.2 million is generated from the subscription plans they have for the users.
This is a major improvement in the internet radio industry and Rdio is pushing so hard to compete with services like Pandora. Well, if we can see, Pandora was one of the most expected app when Multi-tasking came to iOS4 back in 2010 and also, it still remains are the top app that’s being downloaded on the app store.
Here’s the official statistics that Pandora gave us in a blogpost:
– 1Q13 revenue of $80.8 million grew 58% year-over-year – Active users reach record 51.9 million growing 53% year-over-year – 1Q13 total listener hours of 3.09 billion grew 92% year-over-year – Record 71.7% share of top 20 U.S. Internet radio services at the end of 1Q13 – Record 5.95% share of total U.S. radio listening at the end of 1Q13 grew from 3.11% 1Q12
If you are keen in knowing some more information about the statistics that Pandora revealed to the investors, just head to the link below.
Source: Pandora