Deezer Ended Year With 7 Million Paid Subscribers
Paris-based music streaming service Deezer has eased its tradition of keeping subscriber numbers close to the vest, revealing that it ended 2018 with seven million paid users and 14 million monthly active users.
In an interview with Music Ally, Deezer CEO Hans-Holger Albrecht also disclosed that the company is "touching" $400 million in revenues for the year. The platform raised $185 million from investors in an earlier funding round that raised its valuation to roughly 1.16 billion.
Deezer also made a series of major pushes in emerging territories in 2018. In August, the company entered into a partnership with Arabic music powerhouse Rotana to distribute the Saudi Arabia-based company’s audio and visual content in the Middle East and North Africa. Two months later, it officially launched in the Middle East and North Africa (MENA) region.
"The numbers are quite solid, and we are going to see what the MENA region adds next year," said Albrecht, who acknowledged being the "smallest of the biggest" streaming services, compared to Spotify (87 million paid subscribers), Apple Music (56 million) and Amazon Music, which does not disclose user metrics.