#Sweden #Truecaller #Stockholm #financial report #Q1 2025

Truecaller Reports Significant Growth in Q1 2025

Truecaller AB, globally recognized for its innovative platform that helps users verify contacts and block unwanted communications, has announced a remarkable 16% increase in net sales, reaching SEK 496.9 million in its latest interim report for January-March 2025. This surge not only reflects the company’s sustained growth strategy but also highlights the expanding popularity of its services, with a notable increase in both consumer subscriptions and its business segment.

Key Financial Highlights

The Q1 2025 report paints a positive picture for Truecaller:

• - Net Sales: Increased to SEK 496.9 million from SEK 427.2 million year-on-year.
• - EBITDA (excluding incentive costs): Rose by 22% to SEK 198.6 million, with an EBITDA margin of 40%.
• - EBITDA (including incentive costs): Slightly decreased by 1%, totaling SEK 149 million, equating to a 30% margin.
• - Profit after tax: Reported at SEK 101.7 million, which was a decrease compared to the previous year's figure of SEK 133 million.

These figures illustrate a robust financial performance amidst strategic expansions and marketing efforts, particularly focused on the launch of their iOS product.

User Growth and Market Expansion

One of the highlights of Truecaller’s report is its stellar user growth. Over the last quarter, the average number of monthly active users (MAU) increased by 12 million, totaling approximately 412 million, showing a 15% growth compared to the same period last year. CEO Rishit Jhunjhunwala announced that the platform surpassed a significant milestone of 450 million users globally.

With ongoing efforts to enhance the user experience and attract new subscribers, Truecaller’s consumer subscription revenue saw a solid 40% growth, reaching SEK 82 million compared to SEK 58 million last year. Overall, the company is quickly moving towards their goal of reaching 2.8 million active subscribers, marking a 25% increase year-on-year.

Truecaller for Business

This segment also showed impressive results in Q1 2025. Revenue from Truecaller for Business skyrocketed by 60%, achieving SEK 79 million, as the company continues to grow its customer base and enhance its service offerings. The uptake of the Verified Business and Business Messaging services exhibits the diverse applications of Truecaller in the business realm, fueling confidence in future growth potential.

Challenges and Strategic Focus

Despite the impressive growth, Truecaller acknowledged challenges from international macroeconomic uncertainties, as some regions demonstrated lower revenue growth. However, the company remains focused on strengthening revenue streams, especially from its advertising sector, which continues to be the primary revenue driver, reflecting a 5% increase from the previous year.

The CEO expressed excitement about the company's growth trajectory and reaffirms Truecaller’s commitment to improving communications globally, stating, "We have only scratched the surface of the full potential of Truecaller in various business scenarios."

Future Outlook

Looking ahead, Truecaller is optimistic about its strategic objectives. The planned rollout of new features, especially in its iOS applications, is expected to gradually fuel subscriber growth in the coming quarters. Furthermore, performance is expected to strengthen in markets like the Middle East and Africa, demonstrating positive trends for future revenues.

In summary, Truecaller’s Q1 2025 report not only highlights its strong financials and user growth but also suggests a stable path forward enhanced by strategic innovations. As they continue to expand their offerings and connect consumers efficiently while mitigating unwanted communications, Truecaller is well-poised for sustained growth.

For more detailed insights, stakeholders can access the full report and presentation via the links provided on their official website.