Pandora Reports 4Q12 & Fiscal Year 2012 Financial Results

Fiscal 2012 revenue of $274.3 million grew 99% year-over-year

4Q12 revenue of $81.3 million grew 71% year-over-year

Fiscal 2012 total listener hours of 8.2 billion grew 109% year-over-year

4Q12 total listener hours of 2.7 billion grew 99% year-over-year

Record 69.8% share of top 20 U.S. Internet radio services grew from 58.3% at the end of fiscal 2011

Record 5.55% share of total U.S. radio listening more than doubled from 2.71% at the end of fiscal 2011

Active users reach record 47 million growing 62% year-over-year