May 3, 2018 / 8:09 PM / 5 months ago

Pandora Media reports a bigger quarterly loss

May 3 (Reuters) - Pandora Media Inc reported a bigger quarterly loss on Thursday as the music streaming service provider ramped up spending to attract more paid subscribers.

Net loss available to common stockholders widened to $139.1 million, or 55 cents per share, in the first quarter ended March 31, from $132.3 million, or 56 cents per share, a year earlier.

Total revenue rose to $319.2 million from $316.0 million. (Reporting by Sonam Rai in Bengaluru; Editing by Sriraj Kalluvila)

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