Deezer shows solid growth in 2023 and confirms its financial objectives for 2024 and 2025

Deezer presented its financial results for the year ending December 31, 2023, marked by strong performance and positive momentum. The company saw its subscriber base grow to a record 10.5 million, notably benefiting from a significant expansion of its global footprint through new strategic partnerships.

Financially, Deezer saw its annual revenues grow by 7.4% compared to the previous year, reaching 484.7 million euros, in line with forecasts. This growth builds on a notable acceleration in the fourth quarter, with a 12.1% increase in revenue, driven by increased subscriptions and improved average revenue per user. The company also managed to almost halve its adjusted EBITDA loss to €29 million, while continuing its strategic investments.

Building on these results, Deezer reaffirms its financial objectives for 2024 and 2025, anticipating positive free cash flow in 2024 and positive adjusted EBITDA in 2025, thanks to accelerated revenue growth and rigorous management of operational expenses. This positive outcome positions Deezer for continued growth in the years to come.