Streaming music service Pandora just hit a major milestone: The company surpassed $1 billion in revenue in the 12 months ending with June 2015. This is the first time Pandora has hit that threshold in 12 trailing months. The company now expects to generate between $1.175 billion and $1.185 billion for the full year of 2015.
The news came as part of Pandora’s Q2 1215 earnings results, which saw significant gains on a number of fronts: Revenue for the quarter came in at $285.6 million, up 30% from the same quarter in 2014. Advertising generated $230.9 million, which also represents a 30% growth year-over-year. Listening was up 5%, totaling 5.3 billion hours during the quarter.
The news came as part of Pandora’s Q2 1215 earnings results, which saw significant gains on a number of fronts: Revenue for the quarter came in at $285.6 million, up 30% from the same quarter in 2014. Advertising generated $230.9 million, which also represents a 30% growth year-over-year. Listening was up 5%, totaling 5.3 billion hours during the quarter.
Via Variety
