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Deezer SA ( (FR:DEEZR) ) just unveiled an update.
Deezer has reported strong financial results for FY24, achieving positive free cash flow for the first time and exceeding revenue growth targets with a 12% increase. The company’s performance was driven by brand repositioning, strategic partnerships, and growth in its direct business in France. Deezer’s adjusted EBITDA broke even in the second half of the year, and the company is poised for further growth in 2025 with a focus on innovation and enhanced music experiences. This marks a significant step in Deezer’s strategic vision, promising value creation for stakeholders, including fans, artists, and partners.
More about Deezer SA
Deezer SA is a global music experiences platform, primarily focusing on providing streaming services that offer personalized and social music experiences. The company is known for its innovative approach to music streaming, aiming to enhance user engagement and artist-fan interactions.
YTD Price Performance: 11.94%
Average Trading Volume: 24,419
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €222.4M
Find detailed analytics on DEEZR stock on TipRanks’ Stock Analysis page.