Deezer’s Q1 2023 results show a 6.5% growth in revenue year-over-year, but is the music streaming service struggling to retain subscribers?

Deezer recently posted its Q1 2023 report, showing revenue and subscriber numbers. Revenue was at €115.2 million at the end of March this year, representing growth of 6.5% year-over-year. France still provides Deezer with the biggest portion of users, with 60.9% of revenue coming from their homeland, up from 59.7% last year.

On the subscriber end, things weren’t so positive, with numbers falling 2.5% from 9.5 million to 9.3 million. That being said, B2C subscribers, individuals subscribed to Deezer Premium, grew from 5.5 million to 5.6 million, while B2B subscribers fell from 4 million to 3.6 million.

Are you an independent artist looking to reach new audiences? Sign up to Europe’s leading digital music distributor RouteNote, to get your music on Deezer and all other major streaming services for free!