Deezer (DEEZR) AGM 2026 presentation summary

2025 performance highlights

• Achieved all financial targets, with revenue of €534m, stable year-over-year at constant FX rates.

• Direct subscriber growth accelerated, especially in France (+8.6%) and Rest of World (+7.7%).

• Adjusted EBITDA reached €10m, a significant improvement from €(4)m in FY24.

• Positive net income of €8m, first time in company history, and positive free cash flow of €10m.

• Ended 2025 with a robust cash position of €65m.

Strategic and operational progress

• Strengthened leadership in France and improved access to younger demographics.

• Renewed 10 major distribution deals and launched new tech white labeling business.

• Enhanced brand through AI transparency and fair artist remuneration initiatives.

• Became first platform to tag and exclude AI-generated tracks from recommendations, protecting artist royalties.

• Expanded product differentiation with features targeting Gen Z and increased user engagement.

B2B and partnership development

• Built a leading B2B music platform with five scalable growth drivers.

• Renewed 10 major partnerships and signed 6 new ones in 2025.

• White labeling solutions for hardware/media partners contributed positively to revenue.