Deezer Records 11% Growth in Q3 2024

Music platform Deezer recorded an 11% increase in revenue in the third quarter of 2024, reaching €134.0 million. This performance is in line with the company's annual objectives. Partnerships increased by 21.3%, representing a third of total revenue. In France, growth continued with an increase of 9.4%.

Deezer optimized its subscriber base, maintaining the total number of subscribers at 9.9 million. This result is attributed to the removal of inactive accounts, which did not negatively impact revenue. The company also signed new partnerships with TF1+, DAZN, and others.

For 2024, the objective is to achieve growth of 10% with an improvement in adjusted EBITDA, expected to be less than €10 million, and a positive cash flow.