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See How Pandora's Royalty Costs Continue To Outpace Revenue [CHART]

image from www.google.comPandora's recent trip to Washington to ask for lower rates didn't go too well and today it's stock is being battered by it's own forecast of future losses. With 62.4 million active listeners by the end of November, 1.27 billion listener hours, and revenue of $120 million, you'd think they'd be able to build a profitable business.  This chart so why it may never happen:

2012_12_05_Pandora
Pandora’s royalty costs have outpaced revenue growth for 6 consecutive quarters, according to Statista.

 

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