LIFE OF BRIAN ON UPSWING

Pandora shares rose more than 10% in after-hours trading following the news that the company had exceeded Q2 revenue expectations thanks to 30% year-over-year ad growth, Business Insider reports.

The online-radio service's revenue clocked in at $285.6m, just over the $283m expected, though it lost $16.1 million overall.

Pandora stock has more than recovered from the hit it took last month immediately after the Apple Music launch, as investors fretted that many of its listeners would switch to Apple.

During the earnings conference call, CEO Brian McAndrews gave off confident vibes as he addressed the topic du jour.

“In terms of Apple Music, of course it launched at the end of June, so there was no impact yet," he said. "Going forward, we feel really good about our trajectory and competitive position. With any big launch like this and the noise in the marketplace, there could be some users that experiment with it and there could be some short-term impact... But we don't believe that there will be any long-term impact."

As of this quarter, Pandora has 79.4 million active listeners, who logged 5.3 billion hours.