The slope will be difficult to climb.
On the eve of its IPO, on July 6, 2022, via a merger with Spac I2PO, the French music streaming platform Deezer was valued at 1 billion euros.
Which made her a beautiful unicorn.
Alas, at the end of the summer, the stock market capitalization
had more than halved and was lagging behind at less than 400 million euros.
However, Jeronimo Folgueira, the new general manager of the platform, is trying to rekindle the flame.
He will try to convince investors that Deezer has great prospects ahead of him, during a Capital Market Day to be held on October 4.
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On Wednesday, September 21, he welcomed the fact that the new strategy is beginning to bear fruit.
In the first half of 2022, the group posted revenue growth of 12.1%, to 219 million euros.
During the same period, the platform managed to reduce its losses to 51.9 million euros against 60.7 million last year at the same time.
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