• Q3 2025 & 9M REVENUE IN LINE WITH EXPECTATIONS
  • Q3 2025 revenue at €131.4 million (–1.9% YoY and -1.1% at constant currency) & 9M 2025 revenue at €398.5 million (–0.9% YoY and +0.4% at constant currency), on the back of a strong comparison base;
  • Growth in Q3 in Direct (+2.4% YoY) supported by sustained subscriber momentum and contribution of the Other segment (+17.4% YoY) offset by the anticipated decline in Partnerships.

• SUSTAINED MOMENTUM IN DIRECT SUBSCRIBERS’ GROWTH (+9.7% LFL¹)
  • Double-digit growth in Direct subscribers in France (+11.7% LFL to 3.7 million subscribers) driven by the good performance of the family offers;
  • Direct ROW at 1.8 million, up 6.1% LFL YoY,  reflecting Deezer’s growing brand appeal, product innovation and stance on transparency and fairness in the music industry;
  • Partnerships at 3.5 million subscribers (compared to 4.7 million at Q3 2024), reflecting the residual impact of Mercado Libre model shift and strategic focus on higher ARPU (+11.2% LFL YoY).

• ANNUAL TARGETS: EXPECTING ANOTHER SEMESTER OF POSITIVE ADJUSTED EBITDA IN H2 REFLECTING SOLID FINANCIAL PERFORMANCE
  • Deezer confirms its FY25 revenue guidance and expects:
    • Another semester of positive adjusted EBITDA² in H2, in light of solid financial performance year-to-date; 
    • Full year positive Free Cash Flow³.

• CONTINUED EXECUTION OF THE NEW STRATEGY: LAUNCH OF NEW FEATURES, EXPANSION OF PARTNERSHIPS, AND AI LEADERSHIP
  • Launch of updated universal sharing feature – enabling seamless cross platform sharing of playlists, from Deezer to other streaming services;
  • Deezer continues to diversify its strategic partnerships across key verticals – telco (Norlys), sports (Fitness Park), digital media (Molotov), and B2B (Deezer for Business) – and exploring  new market opportunities (Azerion, new exclusive partner in Brazil);
  • Continued commitment to transparency and fairness in the music industry with Deezer taking the lead in the fight against AI-driven fraud by detecting and tagging fully AI-generated content. As a pioneer in the responsible use of AI, Deezer is also leveraging its in-house technologies to improve product experiences, operational efficiency, and the integrity of the music ecosystem.

Paris, 23 October 2025, 17:45 CET – Deezer (Euronext Paris: DEEZR; ISIN: FR001400AYG6), the global music experiences platform, published its consolidated revenue for the third quarter of 2025 (period ended on 30 September 2025).

Alexis Lanternier, CEO of Deezer, commented: “Subscriber growth in France has accelerated for a third consecutive quarter, confirming the positive impact of our differentiation initiatives in our home market. In the rest of the world, subscription numbers in the  Direct segment are also picking up pace, reflecting the quality of our service and the appeal of our brand as we champion transparency and fairness in music streaming. Our AI detection system and new personalization features are attracting global attention, opening opportunities beyond our core markets. Deezer is leading the way in protecting artists and rights holders, while delivering innovative, unforgettable music experiences for fans. Looking ahead, we’re focused on new fan-oriented product launches as well as exciting innovations for artists, designed to deepen engagement, expand creative control, and further differentiate the listening experience on Deezer.”

(total subscribers)⁴

Q3 2025 BUSINESS HIGHLIGHTS

Deezer continues to strengthen its global position by driving innovation through transparency on AI music, strategic partnerships, and next-generation fan engagement features, while offering a seamless, borderless music experience on a global scale.

AI tagging system: As of September 2025, Deezer is detecting the delivery of over 30,000 fully AI-generated tracks every day – accounting for more than 28% of the total daily delivery to date (versus 18% in April 2025). Fully AI-generated songs are automatically removed from algorithmic recommendations and are not included in editorial playlists, ensuring that these tracks don’t dilute the royalty pool in any significant way, while providing a transparent user experience. Deezer became the first (and so far only) music streaming platform to explicitly tag AI-generated music. 

Universal sharing for Deezer playlists: Following the launch of universal sharing for individual songs in April 2025, Deezer playlists can now also be opened on Spotify, Apple Music and YouTube Music. Thanks to automatic song recognition technology, Deezer identifies equivalent tracks across platforms and redirects users to the right version of each song. This is the latest initiative in a move towards making interactions between fans easier and breaking down barriers between services. 

Partnership diversification: Deezer continues to diversify its strategic partnerships across key verticals, such as telcos, sports and digital media, with partners including Norlys in Denmark and Fitness Park and Molotov TV in France, as well as engaging with a long tail of B2B opportunities through Deezer for Business. In Brazil partnerships with media platform Azerion and digital marketplace Chippu are creating new opportunities.

Exploring new territories: Deezer and Azerion, a leading digital entertainment and media platform, have entered an exclusive agreement for audio and video monetization in Brazil. The partnership includes a direct integration with Hawk, Azerion’s fully owned, omnichannel demand-side platform (DSP). Through Hawk, advertisers will be able to access Deezer’s exclusive audio and video inventory and plan, activate and optimize their campaigns with advanced audience targeting, automated deal management, and real-time performance insights.

Deezer named as one of the world’s most trustworthy companies in 2025: Deezer has been named to Newsweek’s list of the world’s most trustworthy companies in 2025. The ranking includes 1000 companies in 20 countries and is based on surveys of 65,000 people as well as extensive social media listening. Deezer is the only music streaming company on the list and is ranked in the Media & Entertainment category, along with music industry heavyweights such as Warner Music Group and Universal Music Group.

Q3 2025 REVENUE

Consolidated revenue amounted to €131.4 million in Q3 2025, nearly stable compared to Q3 2024 (-1.1% YoY and -1.9% at constant currency due to FX effect in Brazil). This reflects the sustained momentum of the Direct subscriber base in France with higher share of family offers in the mix and a stronger contribution from the Other segment, offset by the anticipated revenue decline from partnerships.

Direct revenue amounted to €87.9 million in Q3 2025, compared to €85.8 million in Q3 2024, up 2.4% (+3.1% at constant currency). This revenue growth was driven by: (i) strong momentum in France with a continued QoQ increase of the subscriber base to 3.7 million (+6.4% LFL at end of March, +8.3% LFL at end of June and +11.7% at the end of September) reflecting Deezer’s family offer success, and (ii) an increase in Direct RoW subscribers (up 6.1% LFL), notably reflecting Deezer‘s growing appeal overseas driven by subscribers’ alignment with its core values, without new marketing investments.

Partnerships revenue amounted to €35.6 million in Q3 2025 compared to €41.5 million in Q3 2024, down 14.2% (-13.2% at constant currency). This evolution mainly reflected the residual impact of the Mercado Libre model shift, partly offset by the positive impact of RTL+ and recent smaller partnerships. Meanwhile, ARPU rose 11.2% YoY at €3.2 thanks to a better mix. 

Other revenue which is made up of advertising and ancillary revenue, amounted to €7.9 million in Q3 2025 compared to €6.7 million in Q3 2024, up 17.4% (+20.5% at constant currency), and mainly reflected the performance of the white labelling solutions for hardware / media partners.

9M 2025 CONSOLIDATED REVENUE

Consolidated revenue amounted to €398.5 million in 2025 compared to €402.0 million in 2024 (-0.9% YoY and +0.4% at constant currency) in line with expectations for FY25. As for Q3 2025, the evolution is mainly explained by Direct performance (+1.6% YoY and +2.3% at constant currency) driven by strong momentum in France and higher contribution of the Other revenue (white labelling solutions) which offset the anticipated decline in Partnerships revenue.

ANNUAL TARGETS: EXPECTING POSITIVE ADJUSTED EBITDA IN H2 REFLECTING SOLID FINANCIAL PERFORMANCE

Deezer confirms its annual revenue guidance, expected to be flat to slightly declining YoY. Given the solid financial performance year-to-date, Deezer expects positive adjusted EBITDA⁵ in H2 and remains on track to deliver positive free cash flow⁶ for the second year in a row.

FINANCIAL CALENDAR

March 19, 2026: FY 2025 Results (press release to be published after market close) 

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements relating to the business of Deezer, which shall not be considered per se as historical facts, including the ability to manufacture, market, commercialize and achieve market acceptance for specific projects developed by Deezer, estimates for future performance and estimates regarding anticipated operating losses, future revenues, capital requirements, needs for additional financing. In addition, even if the actual results or development of Deezer are consistent with the forward-looking statements contained in this press release, those results or developments of Deezer may not be indicative of their future.

In some cases, you can identify forward-looking statements by words such as “could,” “should,” “may,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “aims,” “targets,” or similar words. Although the management of Deezer believes that these forward-looking statements are reasonably made, they are based largely on the current expectations of Deezer as of the date of this press release and are subject to a number of known and unknown risks and uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievement expressed or implied by these forward-looking statements. In particular, the expectations of Deezer could be affected by, among other things, risks and uncertainties developed or identified in any public documents filed by Deezer with the French financial market authority (the Autorité des marchés financiers – the “AMF”), included those listed in the universal registration document approved by the AMF on 30 April 2025. In light of these risks and uncertainties, there can be no assurance that the forward‑looking statements made in this press release will in fact be realized. Notwithstanding the compliance with article 223‑1 of the General Regulation of the AMF (the information disclosed must be “accurate, precise and fairly presented“), Deezer is providing the information in this press release as of the date hereof, and disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

*** ENDS ***

Press Contact Deezer
Jesper Wendel – jwendel@deezer.com

Investor Relation Contact Deezer
Anne-Pauline Petureaux – deezer@actus.fr

ABOUT DEEZER 

Deezer is one of the world’s largest independent music experiences platforms, connecting fans with artists and creating ways for people to Live the music. The company provides access to a full-range catalog of high quality music, lossless HiFi audio and industry-defining features on a scalable platform available in 180+ countries. Founded in 2007 in Paris, Deezer is now a global company with around 550 people based in France, Germany, UK, Brazil and the US, all brought together by their passion for music, technology and innovation. By building strategic partnerships in key markets across Europe and the Americas, Deezer keeps delivering brand value and end-user engagement across a wide variety of industries, including telecommunications, media, audio hardware and e-retail. As an industry thought leader, Deezer was the first platform to introduce a new monetization model since the inception of music streaming, designed to better reward the artists, and the music that fans value the most. Deezer is listed on Euronext Paris (Ticker: DEEZR. ISIN: FR001400AYG6) and is also part of the Euronext Tech Leaders segment, dedicated to European high-growth tech companies, and its associated index. 

For the latest news, please visit https://newsroom-deezer.com/  

For Investor Relations, please visit https://www.deezer-investors.com/  

Please follow DeezerNews on X and Deezer on LinkedIn for real time information.

1. Q3’24 data has been restated to offset the effect of 0.2 million inactive Family account removal, on a like for like (LFL) basis ↩︎
2. Adjusted gross profit and Adjusted EBITDA are non-IFRS measures. ↩︎
3. Free Cash Flow: Adjusted EBITDA – change in working capital – capex – leases and net interests. ↩︎
4. Q3 2024 data has been restated to offset the effect of the 0.2 million inactive Family account removal, on a like for like (LFL) basis ↩︎
5. Adjusted gross profit and Adjusted EBITDA are non-IFRS measures. ↩︎
6. Free Cash Flow: Adjusted EBITDA – change in working capital – capex – leases and net interests ↩︎

Deezer and the Eiffel Tower present a special edition Purple Door event with DJ Snake

Paris, October 16, 2025 – On Monday, October 27, Deezer’s will host its Purple Door event at one of the world’s most iconic landmarks, the Eiffel Tower, for an exceptional edition featuring DJ Snake, who will unveil his brand-new album “Nomad” in an exclusive preview.

Since its launch in 2023, Deezer’s Purple Door events have become an emblematic staple for the music experience company. From the start, the aim has been to bring artists and fans together for intimate, one-of-a-kind live performances in unique venues in France and Brazil. Artists such as Gazo, Clara Luciani, Charlotte Cardin, Pierre Garnier, Ronisia, Damso, and Leo Santana have given their fans unique live experiences as part of the Purple Door series.

For this special edition, one of the world’s biggest DJs, DJ Snake, will perform an exclusive set for 200 lucky fans selected through the in-app Deezer Club tab (France only). The set will feature both his greatest hits and tracks from his upcoming album “Nomad.” This one-of-a-kind experience will take place in the Salle Gustave Eiffel, located on the first floor of the Eiffel Tower, a global symbol of Paris and France.

The venue carries particular meaning for DJ Snake, who was born in Paris and remains deeply connected to the city that inspired his musical journey. Deezer is committed to offering fans truly unique experiences with their favorite artists. The platform continues to bridge the gap between streaming and live performance, allowing fans to enjoy immersive, unforgettable musical moments.

Maria Garrido, Chief Marketing Officer at Deezer, commented: “With Purple Door, we celebrate what lies at the heart of Deezer: creating unique connections between artists and their fans. Hosting DJ Snake at the Eiffel Tower brings together an iconic artist with a legendary venue to create an intense and intimate musical experience.”

DJ Snake said “Together with Deezer, I want to create something truly unique, something that reflects this city and the music that brings us together. Paris is where it all began for me, and sharing this moment with my fans in such a legendary place as the Eiffel Tower is a real honor.”

Patrick Branco Ruivo, CEO of the Société d’Exploitation de la Tour Eiffel (SETE), said: “The Eiffel Tower is a universal symbol that embodies the creativity and cultural influence of Paris. Hosting Deezer and DJ Snake is a celebration of heritage and innovation — bringing together an emblematic artist and a place steeped in history.”

Deezer Club contest

To take part in this exclusive Purple Door, Deezer is now running a contest in the Deezer Club tab of the app, which brings together all fan-focused events (Purple Door, pre-release album listening sessions with the artist, concert tickets, partner events).

The Eiffel Tower will also give its social media community the chance to win invitations to this exceptional evening.

Available in France only.

This month, the personalized monthly retrospective My Deezer Month is shining a spotlight on female* artists, revealing to users another dimension of their listening habits. With this initiative Deezer is raising awareness about the imbalance that is still present in the music industry.

Paris, October 2, 2025 – Since its launch last spring, My Deezer Month has been offering subscribers a brand-new experience: a monthly check-in that reveals their listening stats, favorite artists, the genres that soundtracked their daily life over the past month, and a detailed breakdown of their musical habits.

For the September recap, available since this Wednesday, Deezer now allows every user to see and share the percentage of female artists they listened to last month. A way to compare their numbers with the Deezer community average, and take part in the conversation around visibility and representation of women in the music industry.

While the music scene is rich with female talent, the numbers show that disparities remain. Looking closer at the presence of female artists on the platform, Deezer, revealed that in September 2025 they made up, on average, only 26% of users’ listening share. In addition, in the Deezer Top Tracks chart (the 100 most-streamed tracks globally), only 30 were performed by women.

On a global scale, a Chartmetric study (2024) shows that only 18% of identified solo artists use she/her pronouns, and only 24% of listed artists are women.

According to Narjes Bahhar, Deezer’s Rap & R&B editor and lead on its Women Chart project: “By allowing our users to see and share these numbers, we invite everyone to reflect on how diversity and equality are reflected in their listening habits—raising awareness of the impact of their choices and the role they play in artists’ visibility.”

Narjes continues: “We have a major role to play in culture, and we must be conscious of our impact—whether through the choice of covers, artist lineups at our events, or how we promote our partners. Having dedicated women’s charts, like the Women Chart (launched last March), is one way of representing them more fairly and offering listeners a truer picture of their place in the music industry.”

Alongside this announcement, Deezer also reveals the most-listened-to female artists globally between January and September 2025:

Top 10 most-streamed female artists on Deezer globally:

1. Lady Gaga
   
2. Billie Eilish
   
3. Taylor Swift
   
4. Sabrina Carpenter
   
5. Beyoncé
   
6. Rihanna
   
7. Dua Lipa
   
8. Chappell Roan
   
9. Lana Del Rey
   
10. Tate McRae
    

Lady Gaga, Billie Eilish, and Taylor Swift continue to dominate as global icons with massive appeal, while Beyoncé and Rihanna reaffirm their lasting worldwide influence. Rising stars like Sabrina Carpenter, Chappell Roan, and Tate McRae highlight the growing power of a new generation of female voices on an international scale. Meanwhile, Lana Del Rey and Dua Lipa maintain their place as key figures in today’s music.

Top 10 most-streamed songs by female artists on Deezer globally:

1. APT. – Rosé
   
2. Die With A Smile – Lady Gaga
   
3. Messy – Lola Young
   
4. BIRDS OF A FEATHER – Billie Eilish
   
5. Anxiety – Doechii
   
6. Espresso – Sabrina Carpenter
   
7. That’s So True – Gracie Abrams
   
8. Pink Pony Club – Chappell Roan
   
9. Feel Good – Charlotte Cardin
   
10. TEXAS HOLD ‘EM – Beyoncé
    

This ranking of most-streamed tracks highlights the diversity of female artistry worldwide. From Rosé’s international success to Lady Gaga and Beyoncé’s cultural impact, the list balances global stars with new talent. Emerging artists like Gracie Abrams, Lola Young, Chappell Roan, and Charlotte Cardin are breaking through with authenticity and emotion, while Billie Eilish, Doechii, and Sabrina Carpenter continue to expand their influence with bold, fresh tracks.

Top 10 most-represented genres among female artists streamed on Deezer globally:

1. Pop
   
2. R&B
   
3. Alternative
   
4. Hip Hop
   
5. Electronic
   
6. Country
   
7. Rock
   
8. French Music
   
9. Latin American Music
   
10. Jazz
    

* solo female artists, excluding groups

ABOUT DEEZER

Deezer is one of the world’s largest independent music experiences platforms, connecting fans with artists and creating ways for people to Live the music. The company provides access to a full-range catalog of high quality music, lossless HiFi audio and industry-defining features on a scalable platform available in 180+ countries. Founded in 2007 in Paris, Deezer is now a global company with around 550 people based in France, Germany, UK, Brazil and the US, all brought together by their passion for music, technology and innovation. By building strategic partnerships in key markets across Europe and the Americas, Deezer keeps delivering brand value and end-user engagement across a wide variety of industries, including telecommunications, media, audio hardware and e-retail. As an industry thought leader, Deezer was the first platform to introduce a new monetization model since the inception of music streaming, designed to better reward the artists, and the music that fans value the most. Deezer is listed on Euronext Paris (Ticker: DEEZR. ISIN: FR001400AYG6) and is also part of the Euronext Tech Leaders segment, dedicated to European high-growth tech companies, and its associated index.

For the latest news, please visit https://newsroom-deezer.com/  

For Investor Relations, please visit https://www.deezer-investors.com/ 

Please follow DeezerNews on X and Deezer on LinkedIn for real time information.

Deezer – Live the music

Press Contact Deezer

Jesper Wendel
jwendel@deezer.com

Deezer remains the only streaming provider to tag 100% AI-generated content and exclude it from recommendations – championing fairness and transparency in the music industry.

Paris, September 11, 2025 – Deezer, the global music experiences platform, is receiving over 30,000 fully AI-generated tracks every day – accounting for more than 28% of the total daily delivery. Deezer’s AI detection tool has been in place since the beginning of the year, enabling the company to track a steady increase of fully synthetic content on the platform. In June, Deezer became the first (and so far only) music streaming platform to explicitly tag AI-generated music. 

“Following a massive increase during the year, AI music now makes up a significant part of the daily track delivery to music streaming and we want to lead the way in minimizing any negative impact for artists and fans alike,” said Alexis Lanternier, CEO, Deezer. “Our approach is simple: we remove fully AI-generated content from algorithmic recommendations and we don’t include it in editorial playlists. This way we ensure the impact on the royalty pool remains minimal, while providing a transparent user experience. And most importantly, we continue to fight fraudulent activity, which is the main driver behind uploading fully AI generated content.”

In January, Deezer reported that roughly 10 % of all content delivered to the platform was AI generated. This number increased to 18% in April and has now reached a record breaking 28%.

*** ENDS ***

Notes to editors: 

Deezer is committed to protecting the rights of artists – The increase in fully AI generated content in music streaming comes at a time of growing concerns about AI companies training their models with copyrighted material, and governments potentially diminishing copyright laws to facilitate AI development. Deezer is committed to protecting the rights of artists and creators, and remains the only streaming platform to sign the global statement on AI training. 

Deezer’s AI music detection tool sets an industry standard, with the ability to detect 100 % AI-generated music from the most prolific generative models – such as Suno and Udio, with the possibility to add detection capabilities for practically any other similar tool as long as there’s access to relevant data examples. Not only that, Deezer has made significant progress in creating a system with increased generalizability, to detect AI generated content without a specific dataset to train on. 

AI is a critical challenge for the music industry – According to a study conducted by CISAC and PMP Strategy, with participation from key industry players (including Deezer), nearly 25% of creators’ revenues are at risk by 2028, which could amount to as much as €4 billion by that time. This represents a colossal, even critical, challenge for the music creation sector as a whole. https://www.cisac.org/services/reports-and-research/cisacpmp-strategy-ai-study 

AI and fraud – Although fully AI-generated music currently accounts for only a small fraction of streams on Deezer — approximately 0.5% — it’s evident that the primary purpose of uploading these tracks to streaming platforms is fraudulent. Deezer has found that up to 70% of the streams generated by fully AI-generated tracks are in fact fraudulent. When detecting stream manipulation of any kind, Deezer excludes the streams from the royalty payments. 

AI tracks are removed from recommendations – All 100% AI generated songs are automatically removed from algorithmic recommendations and are not included in editorial playlists. This is a first step in making sure that these tracks don’t dilute the royalty pool in any significant way. Potential future actions, including updating our supplier policy and removing/demonetizing content need to be based on careful consideration. 

Two new patents – In December 2024, Deezer applied for two patents for its AI Detection technology, focused on two different methods of detecting unique signatures that are used to distinguish synthetic content from authentic content.

Press Contact Deezer

Jesper Wendel
jwendel@deezer.com