ENXTPA:DEEZREntertainment
Deezer (ENXTPA:DEEZR) Stock Turns Profitable as Revenue Momentum Fades
Deezer stock went into this earnings print trading on a low P/E of 6.3x and sitting below some analyst fair value estimates. That set up a familiar value story in streaming audio. The headline this time is simple. Deezer produced a profitable trailing twelve months with €22.792m in net income and positive earnings per share.
For a company long treated as a perpetual cash burner, a full year in the black is the number that matters most. The rest of the release, from revenue trends to balance...