When Apple officially unveiled iTunes Radio, it seemed like a bad news for established music streaming services like Pandora, but now that iOS 7 and the new iTunes music feature have had a bit of time to spread, Pandora seems to have weathered the storm with flying colors. Today the company announced that rather than taking a hit in the post-iTunes-Radio world, its overall "hours of listening" metric rose 9% from September to October, and 18% year-over-year. The company also revealed that its overall slice of the U.S. radio pie grew from 7.77% to 8.06% in the span of a month.
Pandora's stock price took the news particularly well, climbing almost 9%, as fears that the company's inevitable death at the hands of Apple seem to have been soothe
