Truecaller AB: Strong revenue and user growth again
STOCKHOLM, July 18, 2025 /PRNewswire/ --
Interim report January-June 2025
Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to report an increase in net sales with 9% to SEK 496.4 million (455.9), in constant currencies the increase was 21%. All revenue streams grew in constant currencies, ad revenues with 11%, subscriptions with 45% and Truecaller for Business with 53%. EBITDA excluding incentive costs increased with 20% and the EBITDA margin was 42.6% (38.8%), in constant currencies the increase was approximately 38%. EBITDA including costs for incentive programs increased with 5% and the margin was 34.8% (36.1%), in constant currencies the increase was approximately 24%. During the quarter average number of monthly active users grew with 15 million.
CEO Word:
"I'm happy once again to report that we continue to show strong organic growth trends, as this is the fourth quarter in a row where we've grown both in revenues as well as users. In constant currencies, all revenue streams showed stable growth with ads and premium growth rates increasing compared to the first quarter. We added an incredible 15 million users in this quarter and 55 million users compared to Q2 2024, a growth of 15%, clearly highlighting our relevance in the world.
During this quarter, we surpassed two major milestones; more than 3 million paying subscribers of Truecaller, out of which more than 1 million are on iOS. The average number of subscribers grew by 28% compared to the same period last year and by 8% compared to the previous quarter. The number of iOS subscribers increased by 25 percent in Q2 alone, or more than 50% year-over-year.
Currency effects, primarily the recent substantial strengthening of the Swedish Krona, SEK, had considerable effects on both revenue and profit this quarter. Almost all our revenues are recorded in currencies other than SEK, while only a limited part of our cost base is in foreign currencies. In constant currencies, our net sales grew by approximately 21% while in SEK the growth was 9%. Advertising revenue grew by approximately 11% in constant currencies but decreased by 1% in SEK. Premium revenues grew by approximately 48% in constant currencies and 35% in SEK. Truecaller for Business grew by approximately 53% in constant currencies and by 34% in SEK.
EBITDA excluding incentive costs is estimated to have grown 38% in constant currencies. In SEK the EBITDA growth was 20% and the margin increased to 42.6% compared to 38.8% during the same period the previous year.
Although we did notice some demand softness from the present geopolitical uncertainties in our ads business, we also saw encouraging signs such as a price stabilization for our ads inventory. We continue to focus on strengthening our direct sales capabilities both in terms of our offerings and our organization. When it comes to programmatic advertising we added another eight global demand partners. We have also focused on increasing the average sales volume through different optimisations, something that started to yield good results in the latter part of the quarter. ...
