Pandora Beats, Q3 2013 Revenue Up 60% To $120M, Net Income Of $2.1M; Q4 Forecast Much Lower Than Expected

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http://techcrunch.com – Internet radio service Pandora released its financial results for the Q3 2013, ending October 31 2012. Revenue is up 60 percent compared to Q3 2012 to $120 million. Pandora reported a non-GAAP earnings per share of $0.05. It represents a GAAP net income of $2.052 million. Advertising revenue was $106.3 million, a 61 percent year-over-year increase. Subscription and other revenue was $13.7 million, a 52 percent year-over-year increase. Analysts were expecting revenue of $17.1 million and non-GAAP EPS between breakeven and $0.01. Pandora’s earnings were higher than expected. At the same ti (IT news)