Hmmm: Pandora Just Reported a Solidly Profitable Quarter…

Pandora’s stock is probably plunging as you read this; Wall Street is freaking out over disappointing earnings projections. But underneath all that noise is something interesting: for the quarter that just happened, Pandora actually made some money.  In fact, Pandora just reported a solidly profitable fiscal quarter, thanks to strong increases across revenues, subscribers, active users and mobile usage.

All of which adds an interesting wrinkle to the whole royalties debate. Because maybe they can afford it.