Get the latest gossip

Deezer Breaks Even With 12% Revenue Jump, Beating Guidance

Deezer achieved break-even status for the first time in its nearly 18-year history as revenue increased 12% to $590.8 million, beating guidance.

But in recent years, it has raised prices and expanded its subscriber-base by being the streaming platform powering German broadcaster RTL, American speaker company Sonos and Latin America’s version of Amazon, Mercado Libre. The company plans to double-down on its brand partnership strategy, while maintaining focus on further growing its presence in France with new features allowing users to customize their feed on the streaming platform and opportunities to more directly interact with artists, de Place says. We are prepared to continue to deliver positive free cash flow, to reinvest in the company and also add to our reserves,” de Place says.

Get the Android app