Pandora Increases Listenership in Top Radio Markets

Pandora Increases Listenership in Top Radio Markets

Audience and Time Spent Listening Increase in Every Top Ten Market Reaffirms Local Market Presence

OAKLAND, Calif., Dec. 13, 2011 /PRNewswire/ -- Pandora (NYSE: P), the leading personalized radio service, today announced its November 2011* listenership results, posting Average Quarter Hour (AQH) gains in each of the top ten radio markets in the country since the last published results for September. Pandora posted 13 to 25 percent AQH listening increases in each market with the biggest AQH gain of 25 percent occurring in the New York metro survey area. An AQH rating of 1.0 means an average of one percent of a target population was listening to Pandora for at least five minutes within a quarter hour window between 6.00 a.m. and midnight.

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In November, among adults 18-34 in the top ten markets, Pandora's weekly cumulative audience (cume) reached more than 19.9 percent in each metro survey area. Cume is the weekly measure of the total number of unique Pandora listeners in each market. For adults 18-49, the weekly cume for November for the first time had more than one million unique listeners in both the New York and Los Angeles metro survey areas.

Chief Revenue Officer John Trimble said, "Accurately reflecting our audience listenership is critical to our clients, whether they are conducting a large national campaign or a highly targeted local one. Average quarter hour, or AQH, is the industry standard for buying radio advertising and providing buyers with an apples-to-apples metric is just one of the things we do to help advertisers determine the value of running campaigns on Pandora."

*November 2011 is defined as October 13, 2011 to November 9, 2011.

November 2011 Pandora Radio Ratings
-----------------------------------
Monday-Sunday, 6.00 a.m. - midnight

New York
Adults 18 -34 = 0.9 AQH rating;
19.9 cume rating
Adults 18 -49 = 0.6 AQH rating;
13.0 cume rating

Los Angeles
Adults 18 -34 = 1.2 AQH rating;
25.1 cume rating
Adults 18 -49 = 0.8 AQH rating;
16.8 cume rating

Chicago
Adults 18 -34 = 1.0 AQH rating;
21.7 cume rating
Adults 18 -49 = 0.6 AQH rating;
14.5 cume rating

San Francisco
Adults 18 -34 = 1.2 AQH rating;
26.2 cume rating
Adults 18 -49 = 0.8 AQH rating;
17.4 cume rating

Dallas - Ft. Worth
Adults 18 -34 = 1.0 AQH rating;
22.9 cume rating
Adults 18 -49 = 0.7 AQH rating;
15.9 cume rating

Houston
Adults 18 -34 = 1.0 AQH rating;
23.0 cume rating
Adults 18 -49 = 0.7 AQH rating;
15.8 cume rating

Atlanta
Adults 18 -34 = 0.9 AQH rating;
21.1 cume rating
Adults 18 -49 = 0.6 AQH rating;
14.7 cume rating

Philadelphia
Adults 18 -34 = 1.0 AQH rating;
22.7 cume rating
Adults 18 -49 = 0.6 AQH rating;
14.9 cume rating

Washington, DC
Adults 18 -34 = 1.2 AQH rating;
26.1 cume rating
Adults 18 -49 = 0.8 AQH rating;
17.2 cume rating

Boston
Adults 18 -34 = 1.0 AQH rating;
23.3 cume rating
Adults 18 -49 = 0.7 AQH rating;
15.1 cume rating

Portland
Adults 18 -34 = 1.2 AQH rating;
23.6 cume rating
Adults 18 -49 = 0.8 AQH rating;
17.4 cume rating
Edison Research analyzed Pandora data to determine exactly how many listeners tuned in, how long each listened, and then converted that into Average Quarter Hour and weekly cume metrics using industry accepted methodology for metro survey areas. For this analysis, Edison did not include Pandora One subscribers who are not served any advertisements.

ABOUT PANDORA

Pandora (NYSE: P) gives people music they love anytime, anywhere, through connected devices. (OK, we've added comedy as well so we're also up for playing some jokes you'll love.) Personalized stations launch instantly with the input of a single "seed" - a favorite artist, song or genre. The Music Genome Project®, a deeply detailed hand-built musical taxonomy, powers the personalization of Pandora® internet radio by using musicological "DNA" and constant listener feedback to craft personalized stations from a growing collection of hundreds of thousands of recordings. Tens of millions of people in the U.S. turn on Pandora to hear music they love. www.pandora.com

SOURCE Pandora Media, Inc.

Photo:http://photos.prnewswire.com/prnh/20110615/SF20192LOGO
http://photoarchive.ap.org/
Pandora Media, Inc.

CONTACT: CONTACT: Francisca Fanucchi, Manager, Corporate Communications and Public Relations, press@pandora.com, +1-510-344-7735, Deborah Roth, Vice President, Corporate Communications and Public Relations, press@pandora.com, +1-510-842-7928, Dominic Paschel, Vice President, Corporate Finance and Investor Relations, investor@pandora.com, +1-510-842-6960

Web Site: http://www.pandora.com

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