Deezer shoots for unicorn status after $185m funding round
Posted on: 3 août 2018, by : Stuart Dredge

‘Is Deezer really worth a billion dollars?’ asked one headline yesterday, as the streaming service announced a new funding round of €160m (around $185m) from new and existing investors. Well, is Deezer worth ‘unicorn’ status? Taking Spotify as the base for some super-rough calculations, the latter service has 180 million active users, and a current market cap of $32bn – around $178 per user.
Deezer has 14 million active users, which by that maths would mean $2.5bn, and thus perhaps even undervalued at a billion. But, of course, metrics like subscribers, revenues and net income are what’s really needed for these kinds of calculations, rather than just listeners.
The post Deezer shoots for unicorn status after $185m funding round appeared first on Music Ally.
Source: Music ally

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