UPDATE: Pandora Shares up 5% on Strong March Figures

Shares of Pandora P are up 5 percent to $33 after the company reported positive listening metrics Thursday morning. March 2014 versus March 2013 Figures:

• Listening hours -- Increase from 1.49 billion to 1.71 billion, up 14%
• Market share -- Increase from 8.05% to 9.11%
• Active listeners -- Increase from 69.5 million to 75.3 million, up 8%

Pandora intends to discontinue its monthly disclosure of key audience metrics. The final monthly release will be provided in June 2014 (covering audience metrics for May 2014).