France · Delayed Price · Currency is EUR Deezer Earnings Call Transcripts
Fiscal Year 2025
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Revenue held steady at €534M in 2025, with strong direct subscriber growth and a return to profitability, including €8.5M net income and €10M adjusted EBITDA. The outlook for 2026 is flat revenue with continued profitability, selective reinvestment, and a focus on B2B and AI innovation.
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Delivered seventh consecutive semester of positive adjusted EBITDA, with revenue up 1.3% at constant currency and strong direct subscriber growth, especially in France. Reaffirmed guidance for flat to slightly declining revenue and positive adjusted EBITDA for 2025.
Fiscal Year 2024
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2024 saw record revenue and a major profitability turnaround, with positive free cash flow and adjusted EBITDA break-even in H2. 2025 guidance is for flat to slightly declining revenue but continued profitability, with innovation and partnerships as strategic priorities.
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Q3 2024 revenue grew 11% year-over-year to €134 million, driven by strong partnership and direct segment performance, ARPU increases, and innovation in fan experiences. Profitability improved with the removal of inactive accounts and higher-margin revenues, supporting positive free cash flow and a path to positive Adjusted EBITDA in 2025.
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Record H1 2024 results with 14.9% revenue growth, improved margins, and reduced adjusted EBITDA loss. Subscriber base reached 10.5M, partnership revenue surged, and positive free cash flow was achieved. 2024 guidance raised, with profitability targeted for 2025.