Sweden's Truecaller Q4 prelim net sales fall 1% on ad revenue decline

Truecaller AB

23/01/2026 05:47

Overview

Sweden-based contact verification platform's preliminary Q4 prelim net sales fell 1% in constant currency

Ad revenues fell 22% in constant currency, while recurring revenues grew 51%

Preliminary EBITDA margin decreased to 22.8% from 38.5%

Outlook

Truecaller expects annualised effect of cost efficiency initiatives to be approximately SEK 90 mln

Company transitioning from ads-driven model to balanced consumer and enterprise products

Truecaller sees strong growth in premium subscriptions and Truecaller for Business revenues

Result Drivers

AD REVENUE DECLINE - Co attributed ad revenue decline to unresolved issues with major demand partner

RECURRING REVENUE GROWTH - Premium subscriptions and Truecaller for Business drove recurring revenue growth

COST EFFICIENCY INITIATIVES - Co implemented cost efficiency measures to address ad monetization challenges

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 255.20 mln
Q4 Adjusted EBITDA Margin
35.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "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 SEK40.00, about 164.9% above its January 22 closing price of SEK15.10

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nWkr92wqR0

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(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.)