Pandora’s revenues up 37.5% in Q3

Pandora recorded a 37.5 percent increase (on y-o-y- basis) in its revenues in the third quarter, prompted by a healthy development seen in all regions, as per reports. Asia Pacific region delivered am alarming 74.8 percent increase. In Americas, the company’s revenues rose 22.7 percent, while it increased a whooping 40.7 percent in Europe, reports say.

The revenues from concept stores were up 49.3 percent and made up 60.6 percent of the total revenue. The company intends to achieve a target to open over 375 concept stores in 2015, as per reports.

The company’s total revenues valued $564 million, as per reports.

Net profit rose, from $104 million in the same quarter last year to $145 million in the current said quarter, as per reports.