Truecaller is back to growth in Q2, shares jump

Truecaller AB

21/07/2023 08:25

** Shares in Truecaller  TRUEb.ST  jump 24% after the
Swedish software company reported Q2 beat
    ** J.P. Morgan notes revenues are back to growth and came in
4.3% ahead of company consensus, while adjusted EBITDA is 15.6%
ahead
    ** Q2 revenues rose 8% to SEK 518.4 million ($50.08 million)
    ** The brokerage says the beat is driven by Advertising
revenues, which were up 3%
    ** If gains hold, the shares will see their best day in a
year


($1 = 10.3518 Swedish crowns)

 (Reporting by Jagoda Darlak)
 ((jagoda.darlak@tr.com))