|By Marketwire .||
|September 3, 2012 08:20 AM EDT||
NEW YORK, NY -- (Marketwire) -- 09/03/12 -- The recent Facebook IPO and subsequent drop has soured investor optimism within the Social Media Industry. Yet things appear to be turning around for Pandora Media, and Yelp as the companies have recently surged on their mobile growth potential, a key factor Facebook has struggled with. Five Star Equities examines the outlook for companies in the Social Media Industry and provides equity research on Pandora Media Inc. (NYSE: P) and Yelp Inc. (NYSE: YELP).
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Yelp is currently working with Apple to boost mobile features to use with software for the iPhone and iPad. Apple's upcoming map application will integrate Yelp's "check-in" feature. "Yelp is on its way to becoming a household name because of this Apple integration," said Brian Blair, a Wedge Partners Corp. analyst.
Despite losses widening in the third quarter shares of Pandora surged after the company reported mobile revenue grew by 86 percent from last year. "This quarter demonstrated that our mobile monetization strategies are working," said Pandora CEO Joe Kennedy.
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Pandora gives people music and comedy they love anytime, anywhere, through connected devices. For the second quarter of fiscal 2013, total revenue was $101.3 million, a 51 percent year-over-year increase. Total listener hours grew 80% to 3.30 billion for the second quarter of fiscal 2013, compared to 1.83 billion for the second quarter of fiscal 2012.
Yelp connects people with great local businesses. The company had a monthly average of 78 million unique visitors in the second quarter of 2012. Yelp reported net revenues of $32.7 million in the second quarter of 2012, reflecting 67 percent growth in net revenue from the second quarter of 2011.
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