In Q3 2024, Deezer reported revenues of €134 million ($146 million), marking an 11% year-over-year increase. The streaming platform's performance was driven by strong growth in both direct and partnership operations.

Key Financial Highlights:

• Direct streaming revenue: €85.8 million (+4.1% YoY)
• Partnership revenue: €41.5 million (+21.3% YoY)
• Other revenue: €6.7 million (+63.8% YoY)

Market Performance:

• France: €78.5 million (+9.4% YoY), representing over 50% of total revenue
• Other regions: €55.5 million (+13.5% YoY)

Subscriber Base Overview:

• Total paid users: Nearly 10 million (+4.1% YoY)
• Direct subscribers: 5.2 million (-1.4% YoY)
• Partnership subscribers: 4.7 million (+11% YoY)

Monthly ARPU:

• Direct subscriptions: €5.4
• Partnership subscriptions: €2.8

Notable Updates:

• Removed 400,000 inactive Family accounts
• Increased festival sponsorships in France
• Maintains 10% revenue growth target for 2024
• Stock price: €1.44 (-7.42% during trading)

This performance reflects Deezer's continued expansion strategy under new CEO Alexis Lanternier, with particular emphasis on partnership growth and market development in France.

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