Pandora stocks tumble amid rise of Apple Music

Pandora s♍tock fell as much as 21 percent to $15.25 in after-hours trading Thursday following a poorly received third quarter earnings report.

The ad-supported Internet radio com✱pany delivered several bitter pills to🦂 investors and admitted it got dinged by customers sampling Apple’s launch of rival Beats One, along with the launch of its subscription streaming service, which was on a free trial during the quarter.

The number of hours of music streamed by Pandora grew by just 3 percent in the quarter — down from 25 percent a year ago. The number of active𝓀 listeners grew by just 2 percent, to 79.4 million, down from 5 percent gain a year earlier.

The company reported revenue ꧋of $311.6𒉰 million, below Street expectations for $314 million. It also recorded a loss of 40 cents per share versus profit forecasts of 10 cents.

Pandora also confirmed an Oct. 14 exclusive report in The Post that it will pay $90 million to settle royalty payment on pre-1972 music releases, which are n🃏ot covered by copyright law.

Chief Executive Offi✨cer B🐓rian McAndrews said that he doesn’t expect any long-lasting damage from Apple’s rival radio service.

❀Pandora shares, up 7.6 percent on the year, fell 7 cents, to $19.19, on Thursday.