February 5, 2015 / 9:24 PM / 3 years ago

Pandora's revenue misses estimate as advertisers spend less

Feb 5 (Reuters) - Online music streaming service Pandora Media Inc, reported lower-than-expected quarterly revenue as growth in mobile advertising slowed down, sending shares down 21 percent in extended trading.

Net income rose to $12.3 million, or 6 cents per share, in the fourth quarter ended Dec. 31, from $8.9 million, or 4 cents per share, a year earlier.

Revenue rose to $268 million from $200.4 million. (Reporting by Kshitiz Goliya in Bengaluru; Editing by Joyjeet Das)

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