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Deezer (DEEZR) investor relations material
Deezer Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 revenue reached €131.9 million, a decrease of 1.6% year-over-year, in line with management expectations.
Direct subscriber base grew strongly in France (+9.1%) and Rest of World (+8.7%), offsetting a 23% decline in partnership subscribers due to the expected run-off of the Mercado Libre deal.
Strategic progress included the launch of Deezer for Business, licensing of AI detection technology, and product innovation with Flow Tuner.
Financial highlights
Direct revenue increased by 6.1% year-over-year to €91.8 million, driven by subscriber growth in key markets.
Partnerships revenue declined 14.4% to €33.6 million, reflecting the Mercado Libre transition; partnership ARPU rose 11.8%.
France revenue grew 4.2% to €82.9 million, while Rest of World revenue fell 10% to €49.0 million.
Total subscribers decreased 5.1% year-over-year to 8.9 million, with direct subscribers up 9% and partnership subscribers down 23%.
Outlook and guidance
FY26 revenue guidance confirmed, expecting revenue broadly in line with FY25.
Sustained positive adjusted EBITDA and Free Cash Flow expected for FY26.
- First annual profit and strong cash flow achieved, with stable revenue and subscriber growth.DEEZR
H2 202525 Apr 2026 - Revenue up 14.9%, net loss halved, and free cash flow positive in H1 2024.DEEZR
H1 20242 Feb 2026 - Q3 revenue up 11% to €134M, partnerships expanded, and 2024 guidance reaffirmed.DEEZR
Q3 2024 TU17 Jan 2026 - Record revenue growth and free cash flow in 2024; 2025 targets sustained profitability.DEEZR
Q4 202426 Dec 2025 - Positive adjusted EBITDA, strong direct subscriber growth in France, and FY25 profitability confirmed.DEEZR
Q2 202516 Nov 2025 - Direct subscriber growth and innovation drive stable revenue despite Partnerships decline.DEEZR
Q3 2025 TU23 Oct 2025 - Q1 2025 revenue up 1.1% to €134m, with subscriber growth in France and new strategic features.DEEZR
Q1 2025 TU10 Sep 2025
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