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Pandora Media Jumps 7% as Q2 Rev, EPS Beat

Internet radio pioneer Pandora Media (P) this afternoon reported Q2 revenue and profit that topped analysts’ expectations, helped by a big jump in subscription revenue, sending its shares sharply higher in late trading.

Revenue in the three months ended in June rose 10%, year over year, to $376.8 million, yielding EPS of 21 cents, excluding some costs.

Analysts had been modeling $368 million in revenue, and a net loss of 24 cents a...