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Pandora Shares Jump 18% After Better-Than-Expected Earnings, Mobile Revenue Up 111% To $80.3M

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http://techcrunch.com – Veteran streaming radio platform Pandora released its fourth quarter earnings today, in which it saw its fiscal 2013 revenue of $427.1 million, representing a 56 percent year-over-year increase, and fourth quarter revenue of $125.1 million, an increase of 54 percent year-over-year. In turn, mobile revenue for the fourth quarter grew 111 percent year-over-year to $80.3 million. Analysts expected Pandora to report a loss of about 5 cents per share on revenue of $122.7 million for the quarter, compared to a loss of 3 cents per share on revenues of $81.3 million from the same quarter last year. I (IT news)