Brief: Deezer H1 Adj. EBITDA Loss Narrows To EUR 24.6 Mln

Deezer SA

21/09/2022 16:45

Sept 21 (Reuters) - Deezer SA  DEEZR.PA :
    * H1 TOTAL REVENUE EUR 219.4 MILLION VERSUS EUR 195.8
MILLION YEAR
AGO
    * H1 NET LOSS EUR 51.9 MILLION VERSUS LOSS EUR 60.7 MILLION
YEAR
AGO
    * H1 FREE CASH FLOW STOOD AT EUR 3.0 MILLION VERSUS NEGATIVE
FREE
CASH FLOW OF EUR 32.3 MILLION YEAR AGO
    * IN H2, EXPECTS TO BENEFIT FROM PROGRESSIVE RAMP UP OF RTL
PARTNERSHIP AND INCREMENTAL IMPACT OF ITS 2022 PRICE INCREASES
    * H1 ADJUSTED EBITDA LOSS EUR 24.6 MILLION VERSUS LOSS EUR
29.2
MILLION YEAR AGO
    * FULL-YEAR 2022 REVENUE GUIDANCE CONFIRMED
    * TOTAL NUMBER OF SUBSCRIBERS DECLINED SLIGHTLY TO 9.4
MILLION AS
OF END-JUNE (-2.9% VERSUS 30 JUNE 2021)

Source text: bit.ly/3BwPfgA
Further company coverage:  DEEZR.PA 

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