Truecaller Reports Q2 Revenue Dip Amid Strategic Shift

The Swedish communication platform faced a challenging quarter as net sales fell to SEK 393.2 million, a 14 percent decline when adjusted for constant currencies. Despite the broader downturn compared to the previous year, the company’s recurring revenue segments showed resilience, growing by 26 percent and now accounting for nearly half of total sales. CEO Rishit Jhunjhunwala highlighted that the removal of flagging issues from a major demand partner led to a 10-15 percent increase in daily average advertising revenue toward the end of the period.

Profitability metrics also reflected the company's ongoing transition, with EBITDA excluding incentive costs dropping 50 percent to SEK 105.8 million. However, the firm emphasized that efficiency initiatives and organizational restructuring have begun to trim the cost base, with quarterly margins showing improvement over the first three months of the year. Beyond its core caller ID services, Truecaller added 8 million monthly active users during the quarter and launched its first digital consumer product, travel eSIMs, marking a move into broader mobile services.