Investors are cheering as Pandora Media reported better-than-expected earnings, sending shares higher after hours. The company also raised guidance to top Street estimates and CEO Joseph Kennedy expressed bullishness on Pandora's mobile monetization prospects. That may seem like reason to be optimistic about Pandora's future, but the company's net loss for the quarter actually widened, despite its big gains in top-line revenue. Evan and Andrew break down the numbers and assess Pandora's long-term business.
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