I also subscribed to Deezer, and the fact that it is still not profitable makes me wonder why. Is it because they pay more artists? Or because the labels get a larger share of the revenues? Or because they have a smaller market share (so larger fixed costs in percentage of their revenues)? Or they are less efficient than Spotify?

According to this article musicians get $0.022 from Qobuz per stream when Deezer pays $0.0064 ($0.00437 for Spotify).

https://www.lalal.ai/blog/how-much-streaming-services-pay-ar...