Deezer Achieves Positive Free Cash Flow and Strong FY24 Results

Deezer, a global music experiences platform, reported strong financial performance for FY24, marking a significant milestone by achieving positive free cash flow for the first time. The company exceeded its targets with a 12% increase in revenue, totaling €542 million.

Key drivers of this performance include brand repositioning, successful partnerships, and solid growth in its direct business in France. Adjusted EBITDA broke even in the second half for the first time. Deezer reported an adjusted gross profit of €134 million, showing a significant profitability improvement with a 24.7% margin.

Looking ahead to 2025, Deezer plans to maintain positive adjusted EBITDA and continue its strategic value creation cycle, focusing on innovation and a more personalized music experience. The company remains committed to fair artist remuneration through its artist-centric payment system, while expanding partnerships across key markets.