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Report: Pandora’s negative trending

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Seeking Alpha's Andrei Volgin is seeing some negative trending occurring with Pandora--likely since the launch of Apple's iTunes Radio and a new mobile listening cap. While Pandora just released its audience metrics for October that showed growth in total listener hours to 1.47 billion from 1.36 billion in September (hours per listener also increased), Volgin notes that one extra day in October accounts for 45% of the increase in total hours and 33% of the increase in hours per listener. More importantly, the company lost 1.8 million active listeners, he observed.

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