Pandora'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:
Pandora’s royalty costs have outpaced revenue growth
for 6 consecutive quarters, according to Statista.Related articles
