• The New York Times, Friday, August 26, 2011 1:35 PM

Internet subscription radio service, Pandora reported an increase in revenue $67 million, up 117% from the same period a year ago. This is the company's first quarterly earnings since going public.

"Advertising was $58.3 million of Pandora's revenue for the quarter," said the New York Times. "Ads for mobile devices, where the majority of the service's listening takes place, represented about half that amount. It was the first time mobile ad revenue had reached that level, the company said, although it has not disclosed the ratio in the past."

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