Entertainment · 5 views
Deezer’s Subscriber Growth at Home in France Helps Drive Quarterly Revenue Increase
Direct subscriber growth offset a decline in partnership subscribers, with Deezer's CEO saying it "gives us the confidence to raise our full-year revenue outlook and strengthen our profitability… Deezer reported on Tuesday (Oct. 27)…
AI Summary
Deezer reported that third‑quarter revenue increased as the Paris‑based streamer added subscribers in France, while direct‑subscriber revenue grew more than 6% in constant currency. This direct subscriber growth offset a decline in partnership subscribers, according to the company’s results released on Tuesday, Oct. 27. CEO Nicolas Sarraute said the performance gives confidence to raise the full‑year revenue outlook and strengthen profitability. Consequently, Deezer lifted its full‑year revenue forecast.
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