Deezer has been making trade waves with its UMG partnership to reconsider the payouts fashion of streaming, however in relation to its personal carrier, person enlargement has been gradual for some time.
Alternatively, there was once higher information in Deezer’s Q3 monetary effects: the corporate ended September 2023 with 9.9 million overall subscribers, up from 9.4 million a yr in the past.
The breakdown of this enlargement is necessary although. Deezer received 200,000 direct subscribers over that ultimate yr in France, its hometown, however misplaced 200,000 in the remainder of the arena.
The important thing enlargement – 500,000 further subscribers – got here from its ‘partnerships’ section. That’s streaming services and products that Deezer runs on a B2B foundation for different firms.
Deezer’s quarterly revenues grew through 4.8% year-on-year to €120.7m. CEO Jeronimo Folgueira hailed the corporate being “again to significant subscriber enlargement” and cited the significance of worth rises and new partnerships as key to its income enlargement.
There was once additionally a nod to adjustments in Deezer’s licensing offers. “After all, we’ve got effectively renewed nearly all of our contracts with key content material suppliers, with stepped forward phrases forward of time.”
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