Pandora's Q2 Results Showcase Its Survival Instincts

Pandora Media's shares increased almost 10% in after-hours trading, after it surprisingly trumped analysts estimates on Q2 2015 revenues and adjusted earnings. The company?s net revenues grew 30% year over year to $285.6 million, just ahead of the consensus estimate of $283 million. Pandora?s topline growth was mainly driven by a staggering 67% increase in its local advertising revenues, which has been one of the prime focus areas for the Internet radio company lately. In fact, it is local adver...