Internet music service
Pandora just announced its financial results for the second quarter of its fiscal 2013. The company posted total revenue of $101.3 million, which was up 51 percent year-over-year. Yet, Pandora still reported a net loss per share of $0.03. As always, the most important expense for Pandora is content acquisition ? in other words, music royalties. Non-GAAP earnings per share were breakeven excluding approximately $6 million in stock-based compensation.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/1jJei6vb1NM/
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