SAN FRANCISCO — People listened to Pandora's Internet radio service for a collective 1.47 billion hours in October, up 18 percent from a year ago, in the face of the launch iTunes Radio.
The figure, released by Pandora Media Inc.'s Chief Financial Officer Michael Herring at an investor conference Monday, is Pandora's second-highest monthly level. It had 1.49 billion hours in March, the last month before it imposed a 40-hour-per-month cap on free listening on mobile devices.
It lifted the cap on Sept. 1, two weeks before Apple Inc. launched iTunes Radio.