Brief: Deezer H1 Revenue Rises 6.3% To EUR 233.2 Mln

Deezer SA

02/08/2023 16:52

Aug 2 (Reuters) - Deezer SA  DEEZR.PA :
    * DEEZER REPORTS SHARP IMPROVEMENT IN ADJUSTED EBITDA IN H1
2023,
CONFIRMING PATH TO PROFITABILITY
    * H1 ADJUSTED EBITDA LOSS TO €(13.1) MILLION, AHEAD OF PLAN
    * H1 ROBUST CASH POSITION OF €90.9 MILLION AT THE END OF
JUNE
2023, IN LINE WITH RESOURCES REQUIRED FOR 2025 PLAN
    * CONTINUED REVENUE GROWTH: +6.3% TO €233.2 MILLION IN H1
2023
    * OUTLOOK: ADJUSTED EBITDA LOSS EXPECTED IN H2 2023 COMPARED
TO H2
2022
    * OUTLOOK: THE GROUP EXPECTS REVENUE GROWTH TO ACCELERATE IN
THE
COURSE OF H2 2023 VERSUS. H1 2023
    * H1 TOTAL SUBSCRIBERS AT 9.3 MILLION, DOWN 1.8% YOY
    * H1 NET LOSS TOTALED €(38.4) MILLION IN H1 2023 COMPARED TO
€(51.9) MILLION IN H1 2022

Further company coverage:  DEEZR.PA 

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