Deezer has reported Q3 2025 revenues of €131.4 million ($153.5 million), down 1.1% year-on-year at constant currency, as growth in its Direct subscriber business offset an anticipated decline in its Partnerships segment.
The French streaming company also confirmed its full-year guidance, expecting flat to slightly declining revenues YoY, while projecting positive adjusted EBITDA in H2 and positive free cash flow for the full year.
Deezer splits its revenues into three segments: ‘Direct’; ‘Partnerships’; and ‘Other’.
The company reported that its Direct segment was supported by “sustained subscriber momentum,” with its Direct subscriber base growing 9.7% YoY to 5.5 million at the end of Q3.
Direct revenues reached €87.9 million ($102.7m) in Q3 2025, up 3.1% YoY at constant currency compared to €85.8 million in Q3 2024.
The company said this revenue growth was driven by “strong momentum in France” with its subscriber base in its home market increasing to 3.7 million (up 11.7% YoY on a like-for-like basis), reflecting what Deezer called the success of its family offers.
Deezer’s total subscriber base at the end of Q3 across the ‘Direct’ and ‘Partnerships’ segmentsstood at 9 million, down 6.7% YoY.
The company noted that subscriber growth in France has accelerated for three consecutive quarters, rising from 6.4% YoY growth at the end of Q1, to 8.3% at the end of Q2, and 11.7% at the end of Q3.
Direct subscribers in the ‘Rest of World’ reached 1.8 million, up 6.1% YoY on a like-for-like basis, which Deezer attributed to its “growing brand appeal, product innovation and stance on transparency and fairness in the music industry.”
Partnerships revenue amounted to €35.6 million ($41.6m) in Q3 2025, down 13.2% YoYat constant currency from €41.5 million in Q3 2024.
The company said this decline “mainly reflected the residual impact of the Mercado Libre model shift,” referring to the conversion of promotional subscription cohorts to full-price premium offers, partly offset by contributions from RTL+ and other recent partnerships.
Partnerships subscribers stood at 3.5 million at the end of Q3, compared to 4.7 million in Q3 2024, representing a 24.5% YoYdecline.
However, ARPU in the Partnerships segment rose 11.2%YoY to €3.2, which Deezer attributed to “a better mix” as it focuses on higher-value partnerships.
Other revenue, which comprises advertising and ancillary revenue, amounted to €7.9 million ($9.2m) in Q3 2025, up 20.5% YoYat constant currency from €6.7 million in Q3 2024.
Deezer said this growth “mainly reflected the performance of the white labelling solutions for hardware/media partners.”
“Subscriber growth in France has accelerated for a third consecutive quarter, confirming the positive impact of our differentiation initiatives.”
Alexis Lanternier, Deezer
Alexis Lanternier, CEO of Deezer, said: “Subscriber growth in France has accelerated for a third consecutive quarter, confirming the positive impact of our differentiation initiatives in our home market.
“In the rest of the world, subscription numbers in the Direct segment are also picking up pace, reflecting the quality of our service and the appeal of our brand as we champion transparency and fairness in music streaming.”
He added that Deezer’s AI detection system and new personalization features are “attracting global attention, opening opportunities beyond our core markets,” and that the company is “leading the way in protecting artists and rights holders, while delivering innovative, unforgettable music experiences for fans.”
Last month, Deezer reported that fully AI-generated music now constitutes 28% of all tracks delivered to its platform each day.
According to the platform, up to 70% of plays for these fully AI-generated tracks have been detected as fraudulent, with the company filtering these streams out of royalty payments.
Although fully AI-generated music currently accounts for only around 0.5% of all streams on Deezer, the platform believes the primary purpose of uploading these tracks is fraudulent activity rather than genuine creative expression.
The company rolled out an AI tagging system to fight streaming fraud in June.
Elsewhere, Deezer noted that it recently announced the launch of universal sharing for playlists, following the introduction of universal sharing for individual songs in April 2025.
The feature enables users to share Deezer playlists that can be opened on Spotify, Apple Music and YouTube Music. Using automatic song recognition technology, Deezer identifies equivalent tracks across platforms and redirects users to the appropriate version of each song.
The company also highlighted its partnership diversification efforts, including deals with Norlys in Denmark, Fitness Park and Molotov TV in France, and opportunities through Deezer for Business.
In Brazil, Deezer has entered an exclusive agreement with Azerion, a digital entertainment and media platform, for audio and video monetization. The partnership includes a direct integration with Hawk, Azerion’s demand-side platform.
EUR to USD conversions in this report have been made at the average rate for the period according to the European Central BankMusic Business Worldwide
Good evening swimming fans! Welcome to the first finals session of the last stop of the World Aquatics World Cup Series in Toronto. Tonight, we will see our first Triple Crown contenders race to earn the $10,000 bonus, and we will also see a few potential World Record events.
There are nine events where we could see a Triple Crown this evening including all the women’s events. Gretchen Walsh, Kate Douglass, and Hubert Kos will all be trying to win their first of three crowns this evening, while other swimmers will be looking to win the $2,500 bonus for “busting” their chances.
We will start with the women’s 400 freestyle fastest heat, where Lani Pallister is a crown contender and the top seed. The men’s event will see Sam Short as the top seed by just four hundredths over Kieran Smith and Carson Foster.
The women’s 50 backstroke and the men’s 200 backstroke will see Kaylee McKeown and Hubert Kos come in as the Triple Crown contenders, though McKeown will be racing from lane two as a quartet of Kylie Masse,Gretchen Walsh, Katharine Berkoff, and Mollie O’Callaghan try to earn the $2,500 bonus for beating her.
Regan Smith is the top seed and clear favorite in the women’s 200 fly for another potential Triple Crown.
Noe Ponti is hunting the bonus in the men’s 100 fly, but home crowd favorites Ilya Kharun and Josh Liendo will be trying to spoil his fun.
The women’s 200 breast will see Kate Douglass fighting for her crown, and trying to top the overall standings for the series, which will require a very strong swim, potentially a World Record.
Caspar Corbeau leads the men’s 100 breast field by more than half-a-second after finishing 2nd in Westmont to Ilya Shymanovich, who isn’t racing this evening.
Kasia Wasick leads the women’s 50 free field as she tries for her 2nd straight crown in the event, and Josh Liendo will be looking to win the men’s event on home soil.
Finally, the men’s and women’s 100 IM events are both Triple Crown favorites with Gretchen Walsh as the clear favorite in the women’s event, especially with Douglass’ scratch, and Shaine Casas as the contender in the men’s.
The axial flux electric motor pioneers at YASA are at it again. Just three months after sending tremors through the electric motor market with an unofficial world-record power density that absolutely trounced the nearest competitor, it’s bested its own staggering 42-kW/kg mark. YASA’s latest slimline automotive-grade e-machine is both lighter in weight and significantly more powerful than the last iteration, rewriting the power-density charts all over again.
YASA announced its latest prototype motor breakthrough this week, and this time around, it’s managed to shave off close to half an ounce of weight while boosting power by over 33%.
More precisely, YASA’s latest prototype axial flux motor weighs in at 12.7 kg (28 lb) while firing out a peak power of 750 kW (1,006 hp), pinning down a new unofficial world record power density of 59 kW/kg, a full 40% more than the already massive figure it achieved just a few calendar flips ago.
Since 2021, YASA has been a wholly owned subsidiary of Mercedes-Benz Group
YASA
“To achieve a 750 kW short-term peak rating and a density of 59 kW/kg is a major validation of our next-generation axial flux technology,” said YASA founder and CTO Tim Woolmer. “And this isn’t a concept on a screen – it’s running, right now, on the dynos. We’ve built an electric motor that’s significantly more power-dense than anything before it – all with scalable materials and processes.”
To put a finer point on just what YASA has accomplished over the past few months, the company said in July its 42-kW/kg record was almost double the previous record, which we surmised to be Evolito’s 28-kW/kg D250 motor, the most power-dense electric motor we had previously covered.
And Evolito itself is an aerospace spinoff with roots back to YASA’s axial flux tech.
We also recently happened upon an interesting case study about the 28-kg (62-lb) SPX177 radial flux electric motor created by fellow British e-machine specialist Helix. Developed within Helix’s high-performance X Division, the SPX177 was prepared as part of a hypercar project and tested to a peak of 711 kW (954 hp). Like any good set of engineers and tech execs, the Helix folks believed they could push it further after achieving those results, but just using the 711-kW figure actually achieved, that prototype motor edges close to the Evolito D250 in packing a power density of 25.4 kW/kg.
YASA now bests both those units by more than double.
Other power-dense electric motors we’ve looked at in recent months and years are still back in their teenage years in terms of kW/kg. The 15.8-kW/kg Donut Labs automotive hub motor that made some serious noise earlier this year is the most recent example, while the 13.4-kW/kg H3X HPDM-250 aerospace motor and 13.3-kW/kg Equipmake HPM-400 aerospace/marine motor debuted in 2024 and 2023, respectively, are two others that come to mind.
YASA is focusing the prototype motor tech in question on the high-performance automotive sector
YASA
As for what the YASA prototype motor can achieve in continuous operation, YASA’s team estimates that figure between 350 and 400 kW (469 and 536 hp), which gives it a 27.6 kW/kg continuous power density that lands greater than most motors’ peak power densities. In fact, it’s double a couple of those aforementioned figures above.
But who cares about “unofficial” motor-to-motor kW/kg competitions if none of those units are actually featured in cars, boats, eVTOLs or mobility vessels of any size or form we can buy or use on a regular basis? When will we actually see YASA’s beautiful electromagnetic engineering power its way into the local car dealership? Or even in a hypercar touring the international auto show circuit?
It appears not very soon. We prodded and pleaded (or politely asked for a few details, anyway), but YASA was not ready to commit to even a loose timeframe as to when this prototype series might materialize its way to production. The one promising thing it has said repeatedly is that the motor architecture is fully scalable and free from exotic materials, so it should be a viable source of power for something a little humbler than just Mercedes-AMG’s next world record-targeting hypercar project.
In theory, some day. YASA remains squarely focused on the performance end of the market for now.
“This motor will bring game-changing technology to the high-performance automotive sector,” Woolmer summed up.
But the fact that it is being developed as a scalable platform with manufacturability in mind puts it ahead of something like the Helix SPX177, which was the result of a more F1-like development program in which ultimate performance was the only goal, with unit cost and manufacturability distant afterthoughts.
Clearly YASA is competing against itself at this point in time, and it’s playing to win. It plans to continue releasing updates as it matures its axial flux tech, achieves major targets, and resets benchmarks for the entire industry. We’ll keep both eyes on it.
US President Donald Trump pardons former Binance CEO Changpeng Zhao after money-laundering conviction.
Published On 23 Oct 202523 Oct 2025
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US President Donald Trump has pardoned Changpeng Zhao, founder of the giant Binance cryptocurrency exchange, who was convicted of violating the United States’ money-laundering laws.
In a statement on Thursday, White House press secretary Karoline Leavitt said Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency”.
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Zhao said in a post on social media platform X that he was “deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.” He added: “Will do everything we can to help make America the Capital of Crypto.”
Zhao, a billionaire who is one of the most influential figures in the crypto sector, in 2023 stepped down as chief of Binance after the company pleaded guilty to failing to maintain an effective anti-money laundering programme and paid a penalty of $4.3m.
Zhao, a citizen of Canada who was born in China, was released from prison last year after receiving a four-month sentence for violating the Bank Secrecy Act.
He was the first person ever sentenced to prison time for such violations of that law, which requires US financial institutions to know who their customers are, to monitor transactions, and to file reports of suspicious activity. Prosecutors said no one had ever violated the regulations to the extent that Zhao did.
The US Constitution gives the president broad power to issue pardons to wipe away federal criminal convictions, or commutations to modify sentences. Historically, presidents have largely waited until the end of their terms to use such powers, but there is no requirement that they do so.
Zhao told a podcaster in May that he had applied for a pardon from the Trump administration, adding that he had never spoken to the president.
Zhao’s pardon is the latest in a series that Trump has given to crypto executives and entrepreneurs, as well as others convicted of white-collar crimes.
While the details of the pardon have yet to be disclosed, it could pave the way for Zhao to return to the business he co-founded in 2017. It may also offer the chance for Binance to expand in the US as the crypto industry booms under the Trump administration.
The Republican president in 2024 garnered support from the crypto sector for his second term as president by promising to reverse the policies of former President Joe Biden, whose administration targeted crypto companies for fraud and illicit finance violations.
In March, Trump also pardoned the three co-founders of crypto exchange BitMEX who had pled guilty in 2022 for failing to implement a Bank Secrecy Act-compliant anti-money laundering programme.
He has also pardoned the founder of electric truck company Nikola, who was convicted of fraud, and commuted the sentence of the executive of the now-defunct startup Ozy Media.
In January, Trump also pardoned Ross Ulbricht, who was sentenced to life in prison for running the underground online marketplace Silk Road but remained a popular figure within the crypto community.
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Video has emerged appearing to show the alleged thieves behind the Louvre heist making their escape on a mechanical ladder in broad daylight.
Two people can be seen looking around frantically as they slowly descend, minutes after the famed Paris museum was broken into and €88m-worth ( (£77m) ) of France’s crown jewels were stolen.
The gang of four thieves have not been caught and on Wednesday, the Louvre’s boss admitted that staff had failed to spot the robbers early enough because there was only one camera pointing on the gallery where the items were displayed.
In the video, the truck fitted with the ladder is seen parked by on a busy road running along the Seine as vehicles pass.
Laurence des Cars told French lawmakers that the Louvre planned to double the number of CCTV cameras in and around the museum.
She admitted that the camera trained on the Gallery of Apollo, the south-side room where the jewels were kept, was facing the wrong way.
“There is a weakness at the Louvre and I acknowledge it completely,” des Cars said.
Paris city prosecutor Laure Beccuau told the Ouest France newspaper that up to 150 DNA samples and fingerprints had been retrieved so far as part of the police investigation.
The robbery happened in less than eight minutes, after the thieves arrived at 09:30 on Sunday morning (06:30 GMT) after the Louvre opened its doors to the public.
They stole eight items including an emerald necklace and earrings given as a wedding gift by Napoleon Bonaparte to his second wife, Marie-Louise
As they fled, they dropped a 19th-Century diamond-studded crown belonging to Empress Eugenie.
Although it was recovered, the crown was damaged and des Cars said it had probably been crushed as the thieves prised it from its display case.
new video loaded: United States and European Union Impose Sanctions on Russia
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United States and European Union Impose Sanctions on Russia
President Trump announced sanctions on Lukoil and Rosneft, Russia’s two largest oil companies, while restrictions by the European Union included a ban on imports of Russian liquefied natural gas.
“They’re massive sanctions and sanctions on oil, the two biggest oil companies, among the biggest in the world. But they’re Russian. They do a lot of oil. And hopefully it’ll push — hopefully he’ll become reasonable and hopefully Zelensky will be reasonable, too. You know, it takes two to tango, as they say.” “Today, it goes together with yesterday’s decisions of President Trump on energy, also sanctions package. We waited for this. God bless, it will work. This is a good signal to other countries in the world to join the sanctions. You know that not only energy, we need shadow fleet, etc., and continue and continue until Putin will stop this war.”
President Trump announced sanctions on Lukoil and Rosneft, Russia’s two largest oil companies, while restrictions by the European Union included a ban on imports of Russian liquefied natural gas.
Zohran Mamdani was attacked over his thin resume, Republican Curtis Sliwa strove to prove his seriousness as a candidate and former Gov. Andrew Cuomo was pressed on the sexual harassment allegations that drove him from office in a contentious final debate in New York City’s mayoral race.
While Mamdani, the frontrunner, began by accusing his rivals of being consumed by fighting — suggesting he would try to focus instead on his vision for New Yorkers — the state assemblymember joined them in mud as he tried to create viral social media moments, included inviting one of Cuomo’s accusers to appear in the audience.
Cuomo, running as an independent after losing the Democratic primary to Mamdani, fared better Wednesday than during their first debate. He used its focus on the day-to-day of running the city to showcase his political experience.
Though he has urged Sliwa to drop his bid to avoid splitting the anti-Mamdani vote, he didn’t bring up his request during the debate. Instead he worked to cast Mamdani, a 34-year-old democratic socialist, as out of his league, highlighting his pro-Palestinian advocacy and President Donald Trump’s threats to take over the city if he wins.
Here are some key takeaways from the debate:
Barbs all around
Mamdani had said he planned to keep his focus on issues, like affordability, that have fueled his momentum and earned him national attention, but he landed plenty of digs against his rivals, whom he accused of spending more time calling on each other to drop out “than actually proposing their own policies.”
Cuomo and Sliwa, he said, “speak only in the past because that is all they know.” He said Cuomo is “a desperate man, lashing out because he knows that the one thing he cares about, power, is slipping away from him.”
Cuomo, meanwhile, touted his experience.
“You have never had a job. You’ve never accomplished anything,” he said, insisting Mamdani lacks the merit and qualifications to run the nation’s biggest city or handle its emergencies.
Sliwa accused both men of “fighting like kids in a school yard,” but piled on as well.
“Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City,” he quipped. He also made frequent references to Cuomo’s decision to resign as governor amid a barrage of sexual harassment allegations, which Cuomo denies.
Local issues and the Canal Street raid
While the race has often been dominated by questions about the Israel-Hamas war, Trump and other national subjects, the candidates Wednesday were peppered for specifics about crime, the subways and the notorious Rikers Island jail complex.
Mamdani came under fire after he declined to take a position on a set of initiatives that will appear on the November ballot.
Mamdani also said as mayor he would ask New York City’s police Commissioner Jessica Tisch to remain in her post. Mamdani, who was deeply critical of the city’s police in the past, has been trying to moderate his most contentious positions.
Cuomo said the city does not need Immigration and Customs Enforcement agents in the city to handle quality-of-life crimes like dealing in counterfeit bags.
Mamdani similarly pledged to oppose federal interventions in the city, saying “ICE is a reckless entity that cares little for the law and even less for the people that they’re supposed to serve.”
The Trump factor
The candidates were again pressed on Trump and insisted that they would be most adept at handling the mercurial president.
Cuomo spoke repeatedly about how he had held Trump at bay during the early days of the COVID-19 pandemic and said a Mamdani win would be a “dream” for the president.
“He has said he’ll take over New York if Mamdani wins, and he will! Because, he has no respect for him. He thinks he’s a kid and he’s going to kick him on his tuchus,” Cuomo said.
Mamdani, meanwhile, tried to depict Cuomo as Trump’s “puppet” and too aligned with the president.
“He wants Andrew Cuomo to be the mayor not because it will be good for New Yorkers, but because it will be good for him,” Mamdani said.
Sliwa warned both were taking the wrong approach by antagonizing the president.
“You can’t beat Trump,” he said.
Mamdani pulls from Trump’s playbook
Cuomo, meanwhile, continued to be dogged by the allegations that forced his resignation.
Mamdani said one of the women who had accused Cuomo of sexual harassment, his former aide Charlotte Bennett, was in the audience Wednesday. Trump used a similar strategy in 2016 when he appeared at a debate with accusers of Democratic rival Hillary Clinton’s husband, former President Bill Clinton, who has denied the accusations against him.
“What do you say to the 13 women that you sexually harassed?” he asked as he pressed Cuomo on the allegations and the millions in taxpayer dollars that were spent to defend him in court.
Cuomo denied wrongdoing and chided Mamdani.
“If you want to be in government, then you have to be serious and mature,” he said.
Bennett was the second woman to accuse Cuomo of sexual harassment, alleging he subjected her to invasive questions about her personal life and sexual relationships. Cuomo denies Bennett’s allegations.
Several candidates noted at the start of the debate that New Yorkers would probably rather be watching the Knicks opening game of the season, which tipped off at the same time. Cuomo made it to the game’s second half, where he was photographed sitting next to incumbent Mayor Eric Adams.
With their homes destroyed and no shelters left, many displaced Palestinians in Gaza have taken the grim decision to pitch their tents in graveyards. Among the tombstones, they struggle to rebuild their lives.
