“Digital audio is on the verge of massive growth,” says Pandora Media CEO Roger Lynch. “Music consumption is increasing, podcasts are gaining popularity and voice-activated devices are quickly becoming mainstream.”
For Pandora, seeing the benefits of this increased consumption may come at a slower pace than its peers. The streaming audio pioneer’s total revenue increased 7% in Q4. It also has a lower net loss. But, is that good enough for investors? Based on post-Closing Bell activity on Wall Street, the answer may be “yes.”
