Pandora! Pandora! Profit!

Wow! I've been using Pandora for years, and even met its founder Tim Westergren a few times (at CMJ, Pandora open meeting at Housing Works in NYC). Today I read at Silicon Alley Insider that the company will actually post its first profit next year, as revenues will jump to $40 million.



Bloomberg News writes ... "Closely held Pandora, based in Oakland, California, received a boost in users after making its application available on Apple Inc.’s iPhone 10 months ago and on Research in Motion Ltd.’s BlackBerry last month. The iPhone application has more than 5 million users and brings in 18,000 to 20,000 new ones daily, Westergren said.

“It’s a whole new world for us,” the Stanford University- educated musician and former film-score composer said. “It’s changed the perception people have of what Internet radio is, from computer-radio to radio, because you can take the iPhone and just plug it into your car, or take it to the gym.”