Competition in the digital music world may be ramping up, but in its first earnings report as a public company, Pandora Media said it’s not feeling any heat.
On a call with analysts Thursday, Pandora president and CEO Joe Kennedy said the company, which posted triple-digit revenue growth for the sixth consecutive quarter, was “off to a strong start.”
When asked about effects from the launch of the latest digital music darling, streaming service Spotify, Kennedy said, “We haven’t been able to discern any impacts from the new digital music initiatives that have launched over the past three to six months.
“Fundamentally, Spotify operated in a different segment—owned music, subscription music, leased music, whatever you want to call it.
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