Truecaller soars after Q1 revenues grow 116%

Truecaller AB

06/05/2022 08:22

** Shares in Swedish technology group Truecaller  TRUEb.ST 
are up 11.3%, pares gains after rising as much as 18.9%, after
strong user growth drives Q1 revenue growth
    ** The group's Q1 revenues grew 116% to SEK 398.3 million
($39.86 million)  urn:newsml:reuters.com:*:nFWN2WX2U9
    ** Citi says Truecaller published "very strong" headline
numbers for the first quarter, with revenue growth driven by
advertising, with India the strongest region
    ** "The beginning of 2022 was characterized by continued
strong user growth," the company said in a statement
    ** Today's gains added SEK 2.0 billion to company's market
cap




($1 = 9.9922 Swedish crowns)

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