Pandora Revenue Beats The Street, Grows 58% To $162M For Its Last Quarter Before iTunes Radio

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http://techcrunch.com – Streaming radio platform Pandora just released its second-quarter earnings, and it largely beat the street’s expectations. Total revenue increased 58 percent year-over-year to $162 million. The company reported non-GAAP EPS of -$0.04, a $7.8 million net loss. Analysts expected revenue of $156 million and non-GAAP earnings of $0.02 per share. Pandora managed to beat on revenue but was disappointing on earnings. Now 71.2 million users strong, the company reported 3.88 billion listening hours over the quarter, representing an 18 percent year-over-year increase. Yet, Pandora reported 4.18 bi (IT news)