Harker Research posted an interesting analysis a few weeks ago, comparing the ratings of Pandora to those of the typical terrestrial radio station. Here's the main point:
This ties into my earlier point about Pandora's time spent listening. There's a lot of tune-in to Pandora, but not a lot of stickiness.
Read the Harker Research piece here.
If we divide Pandora’s AAS by the US population, we’ll have their rating. The 12+ population of the US is about 256 million, so Pandora’s national rating is something like 0.1. It might be a little higher in some markets, a little lower in others, but on average Pandora has the same average listenership as a typical niche programmed AM station, ranked outside the top 20.
This ties into my earlier point about Pandora's time spent listening. There's a lot of tune-in to Pandora, but not a lot of stickiness.
Read the Harker Research piece here.