Pandora Media Founder Sees Company’s First Profit Next Year

Bloomberg – Pandora Media Inc., the free online- radio service that generates playlists based on users’ musical preferences, aims to be profitable next year for the first time since the company started in 2000, founder Tim Westergren said.

Revenue may double this year to about $40 million, Westergren, 43, said in an interview yesterday in San Francisco. The advertising-supported service has 27 million registered users and is adding members at 50,000 to 60,000 a day, faster than in previous years, he said.

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