Truecaller Q1 net sales fall 27%, expects ad revenues to remain soft in Q2

Truecaller AB

07/05/2026 06:43

Overview

Sweden communication platform's Q1 net sales fell 27%, with ad revenue down sharply

Q1 EBITDA margin dropped to 17.8% from 30% as profit after tax also declined

Company to cut about 70 jobs in Q2, expects SEK 23 mln restructuring cost

Outlook

Truecaller expects Q2 2026 to include a one-off restructuring cost of SEK 23 mln

Company expects staff costs excluding incentive costs to be at least 20% lower from Q3 2026

Truecaller expects ad revenues to remain soft in Q2 2026

Result Drivers

AD REVENUE DECLINE - Co said sharp drop in ad revenues was due to challenges with a key demand partner, weak macro environment, and geopolitical uncertainty in the Middle East

CURRENCY HEADWINDS - Strengthening of Swedish krona negatively impacted reported revenues, per co

PREMIUM REVENUE GROWTH - Premium subscription revenues grew 52% in constant currencies, driven by higher conversion and stable ARPU

Company press release: ID:nWkrbM6zzs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 361.60 mln
Q1 EPS
SEK 0.10
Q1 Net Income
SEK 32.50 mln
Q1 Adjusted EBITDA
SEK 103.30 mln
Q1 Basic EPS
SEK 0.10


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"

Wall Street's median 12-month price target for Truecaller AB is SEK26.50, about 107.3% above its May 6 closing price of SEK12.79

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 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.)