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Pandora expects to gain more listeners through partnerships, CEO says

Pandora Media Inc. continues to make progress with its initiatives meant to drive listeners back to its platform, and announced several new ad technologies that will keep the top line growing at a healthy clip, executives said as the company reported second-quarter earnings late Tuesday.

Shares were up 13% in after-hours trading, after the music-streaming pioneer released results that beat top- and bottom-line estimates, and the company issued better-than-expected guidance for the third quarter. “With the number of companies that have reported in the last week you’ve seen a mixed bag, especially for advertising-supported internet businesses,” said Pandora P, -2.46% Chief Executive Roger Lynch.

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