Pandora released a fairly positive slate of third-quarter financial figures on Monday, with $417.6 million in total revenue, up 16 percent year-over-year, and nearly 800,000 new paid subscribers during the three months ended Sept. 30. These are Pandora's first earnings since SiriusXM announced it would acquire the Oakland-based music service for $3.5 billion in stock.
Out of Pandora's total revenue, $125.8 million came from subscriptions, up 49 percent year-over-year, and ad revenue rose 6 percent to $292.9, which was helped by the company's acquisition of audio ad tech company AdsWizz in May. Additionally, ad RPM hit an all-time high of $77.83, growing 11 percent year-over-year.
(The year-over-year earnings comparisons do not include Australia and New Zealand, where the service was discontinued in July 2017, and Ticketfly, which was sold to Eventbrite in September 2017.)