Deezer revenues rise but subscriber total declines slightly


Deezer is the latest digital music company to publish its financial results for the third quarter of 2022.

Its revenues grew by 13.8% year-on-year to €115.2m, with its home country of France still just over 60% of those revenues. Deezer’s revenues from its ‘B2C’ (direct users) business grew by 11.6% to €79.8m, while its ‘B2B’ (users from partners like telcos) grew by 13.2% to €30.5m. However, this growth came despite slight falls in Deezer’s subscribers from both sides. B2C subscribers fell by 100,000 year-on-year to 5.6 million in Q3, while B2B subscribers also fell by 100,000 to 3.8 million.

The company expects to generate around €455m of revenue for 2022 overall, up by 14% year-on-year. For more on Deezer’s current strategy, see the presentation from its Investor Day on 4 October. It outlines some of the opportunities it sees for new B2B partnerships in sectors including media, hardware, automotive, gaming, hospitality and finance.

It also notes that price increases for its B2C subscribers are rolling out, with the US and Germany in October, and Brazil to follow in December.

Written by: Stuart Dredge