Q4 2025 Truecaller AB Earnings Call Transcript
Key Points
- Truecaller AB (TRUBF) reported a 14% year-on-year growth in average Monthly Active Users (MAU), reaching 454 million.
- Recurring revenues grew by 46% in constant currency, with an annualized run rate of approximately 750 million SEK.
- Premium revenues reached an all-time high, with significant subscriber intake on Android.
- Truecaller for Business showed strong growth outside of India, particularly in Verified Business and Business Messaging.
- The company launched several new product features, including Family Protection and an intelligent voicemail function in India, enhancing user experience and security.
- Net sales decreased by 14% year-on-year in SEK, with a 1% decrease in constant currency.
- EBITDA decreased by 49%, with a reported margin of 23%, affected by currency fluctuations and one-off items.
- Ads revenue saw a 31% decline in SEK, attributed to algorithm changes by a major ad demand partner.
- The strengthening of the Swedish Krona negatively impacted financial results, particularly in Truecaller for Business revenues.
- Increased competition in India from cheaper operator-based solutions is expected to slow growth in Verified Business calls.
Hello, everyone, and welcome to our Q4 Report Webcast. I'm Rishit Jhunjhunwala, the CEO of Truecaller, and with me, I have Odd Bolin, our CFO. Today, I'll talk about how we performed in the quarter in a few important areas. Then I'll hand over to Odd to talk about the financial performance, and after that, I'll talk about our next phase of growth, and then, and then we'll open up for Q&A. So let's get started with the highlights of the quarter.
The average MAU in Q4 was 454 million, which is a growth of 14% year on year. Growth has been steady all through the year, and we have increased our DAU MAU ratio during the year, reaching 86% by the end of 2025. Net sales decreased 14% year on year in SEK. In constant currency, it was a decrease of 1%. EBITDA decreased by 49%, and we reported a margin of 23%. Excluding items of a one-off nature, our EBITDA margin was 30%.
As you are aware, our headline numbers during the year have been significantly negatively affected by the strengthening SEK, which is something Odd will cover
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