The NY Times recently reported it and now Pandora is confirming it. The good news is that total revenue is up over at Pandora, a 51% year over year increase, in fact. The bad news is that profits are nonexistent. Pandora announced a $5.4 million second quarter loss probably attributed to the higher royalties they’ve had to pay as listening has gone up. They’re not alone however, as Spotify is having similar issues. Keep your head up, Pandora. Here’s to hoping things get better.

Via Hypebot.