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# Pandora Posts Profits & Listener Growth, But Wall Street Doesn’t Care
- URL: https://www.hypebot.com/pandora-posts-profits-listener-growth-but-wall-street-doesnt-care/
- Published: 2011-11-23T09:04:13.000Z
- Updated: 2011-11-23T09:04:13.000Z
- Description: Despite growing competition, Pandora beat expectations managed strong growth in Q3 actually turning a profit of $638,000 compared to a loss of $1.77 million a year ago. The company reported. Continue reading [https://www.hypebot.com/hypebot/2011/11/pandora-posts-profits-listener-growth-but-wall-stre
- Author: Bruce Houghton
- Tags: Streaming, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201539371fa76970b-120wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201539371fa76970b-popup?ref=hypebot.com)

Despite growing competition, **Pandora** beat expectations managed strong growth in Q3 actually turning a profit of $638,000 compared to a loss of $1.77 million a year ago. The company reported quarterly revenue of $75 million, twice that of a year before and and up from $67 million in the second quarter.

  
Total listening hours hit to 2.1 billion hours, double the amount of a year ago and up from 1.8 billion in Q2\. Active users grew to 40 million, up 65% from the previous year and 10% from the prior quarter. Pandora’s share of U.S. Internet radio hit 66% and its share of overall radio listening reached an impressive 4.3%, up from 2.1% a year ago.

But in late day trading Tuesday, Pandora shares fell 45 cents, or 4% to $11.40 after the company forecast a greater than expected loss for the next quarter. Pandora predicted revenue in a range of $80 million to $84 million which would lead to a loss of 2 cents to 4 cents per share in the next report.