Deezer sets long-term targets, shares slide

Deezer SA

04/10/2022 08:13

** Shares in Deezer  DEEZR.PA  fall nearly 2% after the
French music-streaming platform set long-term financial
goals urn:newsml:reuters.com:*:nFWN3141EX
    ** It targets long-term EUR 1 bln ($986.50 mln) revenue by
2025, cash flow breakeven in 2024, EBITDA breakeven by 2025
    ** Deezer confirms 2022 guidance for about EUR 455 mln
revenue and says it was fully-funded until cash flow breakeven
    ** The stock is down around 65% year-to-date
($1 = 1.0137 euros)
 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))