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Deezer (DEEZR) investor relations material
Deezer Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2026 revenue rose 1.8% YoY to €133.8 million, the second consecutive quarter of growth, as Direct more than offset declines in Partnerships and Other.
Nine-month revenue was €402.0 million, up 0.9% YoY; FY26 revenue and adjusted EBITDA outlook were raised.
Financial highlights
Q3 revenue was €133.8 million versus €131.4 million, up 1.8% reported and 1.0% at constant FX; 9M revenue rose 0.9% to €402.0 million.
Q3 revenue by geography: France €84.7 million, up 3.8%; Rest of World €49.1 million, down 1.4% reported and 3.6% at constant FX.
9M revenue by geography: France €251.8 million, up 4.2%; Rest of World €150.2 million, down 4.2% reported and 4.9% at constant FX.
Outlook and guidance
FY26 revenue is now expected to grow slightly versus FY25, replacing the prior outlook for broadly stable revenue.
FY26 adjusted EBITDA is expected to exceed €10 million, versus prior guidance for positive adjusted EBITDA; selective investment continues.
Positive free cash flow is expected for the third consecutive year.
- Subscriber growth, revenue acceleration, and operational discipline set stage for 2024 profitability.DEEZR
AGM 2024 presentation - Achieved record revenue growth, positive free cash flow, and set 2025 profitability targets.DEEZR
AGM 2025 presentation - Achieved profitability in 2025 with strong subscriber growth and a positive outlook for 2026.DEEZR
AGM 2026 presentation - Direct subscriber growth and cost control drove positive net income and strong cash flow.DEEZR
H1 2026 - Q1 2026 saw resilient direct subscriber growth and stable revenue outlook amid partnership transitions.DEEZR
Q1 2026 TU - First annual profit and strong cash flow achieved, with stable revenue and direct subscriber growth.DEEZR
H2 2025 - Q3 revenue up 11% to €134M, partnerships expanded, and 2024 guidance reaffirmed.DEEZR
Q3 2024 TU - Revenue up 14.9%, EBITDA loss narrowed, and 2024 guidance raised on strong partnership growth.DEEZR
H1 2024 - Record revenue growth and free cash flow in 2024; 2025 targets sustained profitability.DEEZR
H2 2024
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