Pandora’s monthly listening caps pulled down listener hours in April without resulting in a corresponding fall in unique listeners, the company’s CFO revealed Monday evening.
The Internet radio business’ listener hours dropped 12% to 1.31 billion in April from 1.49 billion in March, CFO Michael Herring said during a webcast of a Morgan Stanley Internet Bus Trip. The caps of mobile listening didn’t have the same impact on the number of people who listened to Pandora, however. Active listeners rose to 70.1 million in April from 69.5 million in March.
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