Pandora is the world's most powerful music discovery platform, offering a
personalized experience for each of our listeners wherever and whenever they
want to listen to music - whether through earbuds, car speakers or live on
stage. Our vision is to be the definitive source of music discovery and
enjoyment for billions. The majority of our listener hours occur on mobile
devices, with the majority of our revenue generated from advertising on these
devices. We offer both local and national advertisers the opportunity to deliver
targeted messages to our listeners using a combination of audio, display and
video advertisements. Founded by musicians, Pandora also empowers artists with
valuable data and tools to help grow their careers and connect with their fans.
For the twelve months ended December 31, 2015, we streamed 21.11 billion hours
of internet radio, and as of December 31, 2015, we had 81.1 million active users
during the prior 30-day period.