Global music streaming platform successfully executes strategy and 2022 full-year results underscore profitable growth trajectory
Paris, February 28, 2023, 5:45 p.m. CET – Deezer (Euronext Paris: DEEZR; ISIN: FR001400AYG6), the global music streaming platform, publishes its consolidated results for the year ended December 31, 20224, approved today by its Board administration.
Jeronimo Folgueira, Managing Director of Deezer, said:
“I am very proud of what we have achieved in 2022 and would like to thank the teams for the successful execution of our strategy over the last 12 months. When I joined Deezer, I had four specific objectives: to ensure the financing of the group, to strengthen our differentiation, to grow double-digit turnover and to achieve profitability. Despite very difficult market conditions in 2022, we were able to secure the necessary resources to execute our business plan. Our turnover increased by 13%, with growth in all our segments and geographies, while reducing our losses on our core business by €18m, which puts us on the path to profitability. »