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 outlook."
Deezer, the French-based music streaming service, reported on Tuesday (October 27) that its third-quarter revenue grew as the company added more subscribers in France and saw a 6% increase in direct subscriber revenue in constant currency. As a result, the company raised its full-year revenue forecast. Overall revenue for Deezer rose 1% in constant currency to €133.8 million ($153.9 million), with the increase driven by a 6.4% rise in direct subscriber revenue to €94.1 million ($108.3 million).
Direct subscribers, who sign up for the service independently rather than through partnerships, are more lucrative for the company and grew by 6.5% in France and 4% in other markets, totaling 5.8 million direct subscribers. Partnerships with telecom providers such as Orange and TIM, on the other hand, accounted for a 17% drop in subscribers.
Deezer revised its earlier guidance for 2026, projecting slightly increased revenue. The company also projected a third straight year of positive free cash flow, generating at least €10 million ($11.5 million) in adjusted EBITDA. Deezer CEO Alexis Lanternier attributed the revenue growth to the expansion of their direct business and strong performance in recent quarters.
Deezer also signed a new partnership with Winamp, which will allow Winamp to launch a streaming subscription service using Deezer's technology.
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