Deezer reported an 11% year-over-year revenue increase in Q3 2024, reaching €134 million ($146 million), driven by strong growth in France and expanded partnerships.

Key Financial Highlights:

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

Market Performance:

• France revenue: €78.5 million (up 9.4% YoY)
• Other regions: €55.5 million (up 13.5% YoY)

Subscriber Base:

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

Notable Updates:

• Removed 400,000 inactive Family accounts
• Increased festival sponsorships in France
• Monthly ARPU: €5.4 for direct subscribers, €2.8 for partnership subscribers

Future Outlook:

• Company maintains 10% revenue growth target for 2024
• Stock performance: DEEZR declined 7.42% to €1.44 per share during trading

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