Sweden's Truecaller Q2 sales fall 21% as ad revenue drops

Truecaller AB

17/07/2026 06:39

Overview
Sweden communication platform's Q2 net sales fell 21% yr/yr, down 14% in constant currencies
Q2 EBITDA margin dropped to 26.9% from 42.6%, reflecting lower ad revenue and restructuring costs
Company added 8 mln active users in Q2

Outlook
Truecaller says it enters H2 with improving momentum across all revenue streams
Company expects continued Premium growth and improving advertising monetisation
Truecaller says cost efficiency initiatives are creating a leaner, more focused organisation

Result Drivers
AD REVENUE DECLINE - Advertising revenue fell 34% yr/yr in constant currencies, weighing on overall sales and profitability
PREMIUM SUBSCRIPTION GROWTH - Premium revenues grew 41% yr/yr in constant currencies, driven by user conversion and stable monetisation
RECURRING REVENUE MIX - Recurring revenues grew 23% yr/yr in constant currencies and accounted for 49% of total revenue, reflecting a shift to more predictable income streams

Company press release: ID:nWkr9P7Qf7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
SEK 393.20 mln
 
Q2 EPS
 
SEK 0.16
 
Q2 Net Income
 
SEK 51.70 mln
 
Q2 Adjusted EBITDA
 
SEK 105.80 mln
 
Q2 Basic EPS
 
SEK 0.16
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Truecaller AB is SEK24.00, about 52.7% above its July 16 closing price of SEK15.72
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)