Pandora posted a net loss in its fiscal 2013 Q2, however, its revenue jumped 51%. The Q2 net loss was $5.4 million, or a loss of 3 cents per share, compared to a year-ago loss of $3.2 million, or 4 cents per share. Q2 revenue climbed 51% to $101.3 million from $67.0 million a year ago.
Ad revenue was up 53% year over year to $89.4 million. Subscription and other revenue increased 36% year over year to $11.9 million.
“This quarter exceeded our expectations as our strong momentum continues with both listeners and advertisers,” said Pandora CEO Joe Kennedy. “In particular, this quarter demonstrated that our mobile monetization strategies are working.”
Pandora scored $59.2 million in mobile revenue–53.2% from advertising, the rest from subscriptions ($4.00 per month for no ads).
Looking ahead, Pandora expects fiscal Q3 earnings per share to be between breakeven and 1 cent. Revenue for the period is projected to range from $115 million to $118 million.
For fiscal 2013, the company anticipates loss per share of 4 cents to 8 cents and revenue of $425 million to $432 million. Q3 2013 revenue is expected to be in the range of $115 million to $118 million.
Total listener hours grew 80% to 3.30 billion for Q2 of fiscal 2013, compared to 1.83 billion for Q2 of fiscal 2012.