-
Pandora is a music streaming and automated music recommendation service.
-
It was launched in 2005 and is headquartered in Oakland, California, USA.
-
Pandora has over 70 million active users as of 2021.
-
It is available in the United States, Australia, and New Zealand.
-
Pandora has a music library of over 40 million songs.
-
It uses a Music Genome Project to analyze songs based on various musical attributes like melody, rhythm, harmony, and instrumentation to create personalized playlists for users.
-
Pandora is available on various platforms, including web browsers, mobile devices, and connected devices such as smart speakers and TVs.
-
The company generated over $1.4 billion in revenue in 2020.
-
As of 2021, Pandora is owned by Sirius XM Holdings Inc. after being acquired for $3.5 billion in 2019.
Pandora Music Revenue and Usage Statistics
Pandora is a popular music streaming service that has been operating since 2000. Over the years, Pandora has gained a significant user base, and its revenue has grown steadily. In this blog, we will discuss the latest Pandora music revenue and usage statistics.
According to recent reports, Pandora's revenue for the fourth quarter of 2022 was $1.6 billion, representing a 14% increase from the previous year. The company's total active listeners for the same period were 65.6 million, indicating a 2% growth rate.
Pandora's mobile app is one of the most popular music streaming apps, with over 55 million active users. The app has a vast collection of songs, including over 70 million tracks from various genres.
Furthermore, Pandora has been investing heavily in its personalized music recommendations system, which uses machine-learning algorithms to suggest songs based on users' listening history and preferences.
In summary, Pandora has experienced consistent growth in both revenue and users, making it a major player in the music streaming industry.
Pandora Key Statistics
Pandora Overview
| Launch date | November 2004 |
| HQ | Oakland, California |
| Founders | Roger Lynch (CEO), Aimée Lapic (CMO), David Gerbitz (COO), Chris Phillips (CPO) |
| Business Type | Subsidiary |
| Parent company | SiriusXM Holdings |
Pandora Revenue
The revenue of Pandora exceeded $2 billion for the second consecutive year in 2022, an increase of 0.9%
Pandora Annual Revenue 2011 to 2022 ($bn)
| Year | Revenue ($bn) |
|---|---|
| 2011 | 0.26 |
| 2012 | 0.41 |
| 2013 | 0.63 |
| 2014 | 0.91 |
| 2015 | 1.16 |
| 2016 | 1.38 |
| 2017 | 1.46 |
| 2018 | 1.56 |
| 2019 | 1.72 |
| 2020 | 1.69 |
| 2021 | 2.07 |
| 2022 | 2.09 |
Pandora Profit
As Pandora's third year of profit, SiriusXM reported a gross profit of $655 million in 2022.
Pandora Annual Gross Profit/Loss 2010 to 2022 ($mm)
| Year | Gross profit/loss ($mm) |
|---|---|
| 2010 | -1.8 |
| 2011 | -16 |
| 2012 | -38 |
| 2013 | -27 |
| 2014 | -30 |
| 2015 | -169 |
| 2016 | -342 |
| 2017 | -518 |
| 2018 | -333 |
| 2019 | -938 |
| 2020 | 571 |
| 2021 | 743 |
| 2022 | 655 |
Pandora Users
There were 50 million active listeners on Pandora in 2022, a decrease of 3.8% over 2021 and a decrease of 38% over 2016.
Pandora Annual Listeners 2009 to 2022 (mm)
| Year | Users (mm) |
|---|---|
| 2009 | 20 |
| 2010 | 42 |
| 2011 | 48 |
| 2012 | 54 |
| 2013 | 65 |
| 2014 | 81 |
| 2015 | 78 |
| 2016 | 81 |
| 2017 | 74 |
| 2018 | 69 |
| 2019 | 63 |
| 2020 | 58 |
| 2021 | 52 |
| 2022 | 50 |
Pandora Subscribers
6.2 million people use Pandora's premium service without advertising, which costs $0.99 a month.
Pandora Annual Subscribers 2014 to 2022 (mm)
| Year | Subscribers (mm) |
|---|---|
| 2014 | 3.3 |
| 2015 | 3.8 |
| 2016 | 3.9 |
| 2017 | 4.8 |
| 2018 | 5.6 |
| 2019 | 6.2 |
| 2020 | 6.3 |
| 2021 | 6.3 |
| 2022 | 6.2 |
Pandora FAQ
-
How many Pandora stations have users and moderators created?
Users and moderators have created over 10 billion stations on Pandora.
-
What was the highest number of yearly streams Pandora achieved?
In 2015, Pandora reached its peak yearly stream volume of 418 billion.
-
On average, how long does a Pandora user listen to music per day?
The average Pandora user listens to music for two hours and 15 minutes per day.
-
What is Pandora's biggest acquisition?
In 2015, Pandora acquired Ticketfly for $450 million, which it sold to Eventbrite for $200 million two years later.
-
How many streams does an artist need on Pandora to earn a dollar?
It takes an artist 752 streams to earn a dollar on Pandora, which is more than what is needed on Apple Music, Deezer, and Spotify according to Visual Capitalist.
-
Which age group forms the largest demographic on Pandora?
The largest age demographic on Pandora is 25 to 34-year-olds, followed by 18 to 24, as reported by Statista.
-
What was the most popular song of the 2010s on Pandora?
According to Hello Giggles, the most popular track of the decade on Pandora was "Earned It" by The Weeknd, followed by "Someone Like You" by Adele and "See You Again" by Wiz Khalifa (ft. Charlie Puth).
