An interior shot of Deezer’s Paris headquarters. Photo Credit: Deezer
Deezer has reported a modest revenue improvement – and a subscriber dip – for 2025’s opening quarter. Nevertheless, execs are still banking on “reaching profitability this year.”
The publicly traded streaming company (DEEZR on the Euronext Paris) today published its Q1 2025 financials as well as its close to 300-page 2024 annual report. Keeping the focus on the former, Deezer disclosed Q1 2025 revenue of €134 million (currently $151.71 million), up 1.1% YoY.
Behind the sum, the Paris-headquartered business pointed to $90.04 million/€79.5 million (up 4.5% YoY) in first-quarter revenue from France, where “the contribution of a new deal signed at the end of 2024” fueled growth.
The remaining $61.73 million/€54.5 million (down 3.4% YoY), on the other hand, resulted from operations in all nations except France. Unsurprisingly, given those details, Deezer’s France-based direct subscribers increased 6.3% YoY to 3.5 million during Q1, against a 2.1% YoY slip to 1.8 million for Rest of World.
Letting Deezer take the wheel for a moment, the business updated its Q1 2024 figures for the report. “Q1-2024 data has been restated to offset the effect of the 50 thousand inactive Family account removal, on a like for like(LFL) basis,” the Access Industries subsidiary acknowledged in a footnote.
Meanwhile, non-direct “partnership” subscriptions, like with Mercado Libre and more, fell 14.6% YoY to 4.1 million for Deezer in the first quarter, the report shows. Even so, partnerships monthly ARPU grew 2.6% YoY to $3.51/€3.10 as direct subs slipped 1.2% YoY in the same category to $6.23/€5.50.
As initially mentioned, Deezer doubled down on its longstanding objective of achieving profitability.
“As previously announced,” CEO Alexis Lanternier said in part, “we are fully focused on executing our new strategic direction, introducing bold and innovative music experiences designed to create long lasting value for fans, artists and our partners.
“New features are already live, with intuitive personalization and universal sharing, setting the tone for what we continue to build – a next level music experience based on the expectations of music fans of today and tomorrow.
“With confidence, we confirm our 2025 guidance and our objective of reaching profitability this year,” concluded Lanternier, who came aboard in 2024.
Deezer unveiled those new features – bolstered user control over algorithm recommendations, enhanced interface customizability, monthly consumption stats, and “a universal sharing link” that works across all streaming platforms – earlier in April.
During today’s trading, Deezer shares parted with about 1% of their value, finishing at $1.61/€1.42 apiece when the market closed.
Content shared from www.digitalmusicnews.com.