Brief: Deezer Expects 2022 Revenue Of Around 450 Million Euros

Deezer SA

11/01/2023 17:37

Jan 11 (Reuters) - Deezer SA  DEEZR.PA :
    * ESTIMATED 2022 RESULTS AND 2023 OUTLOOK: STRONG FOCUS ON
PROFITABILITY
    * FOR 2022, BASED ON ESTIMATED FIGURES, DEEZER EXPECTS TO
ACHIEVE
REVENUE OF APPROXIMATELY €450 MILLION, UP C.13% COMPARED TO 2021
    * DEEZER WAS ABLE TO SIGNIFICANTLY IMPROVE ITS ESTIMATED
ADJUSTED
EBITDA LOSS, EXPECTED TO BE IN THE RANGE OF €57-60 MILLION IN
2022 (COMPARED TO AN ADJUSTED EBITDA LOSS OF €65 MILLION IN
2021)
    * EXPECTS FOR 2023 DOUBLE-DIGIT REVENUE GROWTH, IN EXCESS OF
10%
COMPARED TO 20223 , MAINLY DRIVEN BY THE FURTHER EXPANSION OF
THE B2B SEGMENT
    * EXPECTS FOR 2023: A FURTHER SIGNIFICANT REDUCTION IN
ADJUSTED
EBITDA LOSS COMPARED TO 2022
    * DEEZER CONFIRMS IT REMAINS ON A PATH TO GENERATE A
POSITIVE CASH
FLOW IN 2024
    * DEEZER CONFIRMS IT REMAINS ON A PATH TO ACHIEVE A POSITIVE
ADJUSTED EBITDA IN 2025
    * DEEZER CONFIRMS IT REMAINS ON A PATH TO DELIVER
DOUBLE-DIGIT
ANNUAL REVENUE GROWTH BY 2025

Source text for Eikon:  ID:nNDL7rHYf5 
Further company coverage:  DEEZR.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))