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Pandora Beats Analysts' Q1 Estimates

Beating analyst’s expectations, Pandora reported first quarter revenue of $230.8 million, and a loss of 12 cents per share, on Thursday. Perhaps even more important, “its active listener count -- while up year over year -- fell quarter over quarter,” TechCrunch reports. “The company said users listened to 5.3 billion hours of music in the first quarter this year, with 79.2 million active listeners -- up from 75.3 million listeners in the same quarter last year.”

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