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Pandora posts third-quarter loss; revenue beats estimates

Pandora posts third-quarter loss; revenue beats estimates

Internet radio company Pandora Media Inc. reported third-quarter sales that exceeded analysts' expectations as mobile advertising grew by more than half. But the company swung to a net loss as it spent more on marketing, sales and product development. 

Sales by the Oakland-based company for the three months that ended Oct. 31 grew 50% from the same period last year to top $180 million, more than the $178 million that analysts were expecting.  

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Its mobile revenue, generated by ads on the streaming music service's smartphone and...

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