Q2 2025 Truecaller AB Earnings Call Transcript
Key Points
- Truecaller AB (TRUBF) reported a strong user growth with an average of 427 million monthly active users, marking a 15% year-on-year increase.
- The company's net sales grew by 21% in constant currencies, surpassing SEK 0.5 billion.
- EBITDA, excluding incentive costs, increased by 38% in constant currencies, reflecting a robust EBITDA margin of 44%.
- Truecaller for Business experienced significant growth, with revenues increasing by 34% in Swedish Krona and 53% in constant currencies.
- The company launched new ad products, Truecaller Masthead and Truecaller Play, aimed at enhancing advertising revenue and market share.
- Currency fluctuations, particularly the strengthening of the Swedish Krona, negatively impacted reported financials, reducing net sales growth to 9% in SEK.
- Ad revenue in Swedish Krona saw a decline of 1%, despite an 11% growth in constant currencies, indicating challenges in the ad market.
- The geopolitical tensions, such as the India-Pakistan conflict, affected ad demand and revenue during the quarter.
- The company's incentive costs, including dilution and social security fees, continue to impact the bottom line, complicating financial forecasting.
- The tax rate is increasing due to more business being conducted in India, where the corporate tax rate is higher than in Sweden.
Hello, everyone, and welcome to our Q2 report webcast. I'm Rishit Jhunjhunwala --
Welcome to Truecaller Q2 Presentation for 2025. (Operator Instructions)
Now I will hand the conference over to the CEO, Rishit Jhunjhunwala; and CFO, Odd Bolin. Please go ahead.
Hi, everyone. Welcome to our Q2 report webcast. I'm Rishit Jhunjhunwala, the CEO of Truecaller. And with me, I have Odd Bolin, our CFO. We'll start with the overall highlights of the quarter and then walk you through our financial performance. After that, we'll cover product highlights and then open up for questions.
So let's get started with the highlights of the quarter. We continue to show growth trends this quarter as well. Our user growth, revenues, and profitability all remain healthy. Currency fluctuation did have an impact, which we'll talk about in detail; and therefore, we're going to talk both about constant
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