Truecaller AB

TRUE B

Equity

ISIN SE0016787071 / Valor 113968465

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 50.25%

Truecaller AB
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About company

Truecaller AB, a Swedish company founded in 2009 by Nami Zarringhalam and Alan Mamedi, started as a Caller ID app developed by two engineering students. The app quickly gained popularity, expanding to various mobile platforms and countries, with a focus on identifying incoming calls from unknown numbers. Truecaller has received significant financing from investors like Sequoia Capital, allowing the company to grow and develop its services further.

Summarized from source with an LLMView SourceSector: Telecommunications

Q2 2024 Financial Results

Truecaller AB, the leading global platform for verifying contacts and blocking unwanted communication, reported a decrease in net sales by 12% to SEK 455.9 million in the second quarter of 2024, compared to SEK 518.4 million in the same period last year. The decline was attributed to lower ad income related to the Indian Premier League (IPL) and the timing of IPL events.

Q1 2024 Financial Performance

In the first quarter of 2024, Truecaller AB saw an increase in net sales by 10% to SEK 427.2 million, up from SEK 387.1 million in the previous year. Earnings per share also rose by 27% to SEK 0.38, compared to SEK 0.30 in the first quarter of 2023. EBITDA increased slightly by 1% to SEK 151.0 million, with an EBITDA margin of 35.4%.

Q4 2023 Earnings

Truecaller AB reported a 24% increase in EBITDA to SEK 169 million in the fourth quarter of 2023, up from SEK 136 million in the same period the previous year. The EBITDA margin improved to 39.7%, compared to 30.6% in Q4 2022. However, net sales decreased by 4% to SEK 424.7 million, down from SEK 444.1 million.

Q3 2023 Financial Highlights

For the third quarter of 2023, Truecaller AB experienced an 11% decrease in net sales, amounting to SEK 398.7 million, compared to SEK 450.1 million in Q3 2022. The adjusted EBITDA for the quarter was SEK 145.8 million, with an EBITDA margin of 36.6%. Profit after tax was SEK 105.0 million, down from SEK 143.3 million in the same period last year.

Q2 2023 Record Performance

In the second quarter of 2023, Truecaller AB achieved an 8% increase in net sales and a 9% rise in adjusted EBITDA to SEK 238.5 million. The EBITDA margin stood at 46%, and profit after tax was SEK 205.9 million, compared to SEK 172.7 million in Q2 2022. This performance was notable despite macroeconomic headwinds.

Summarized from source with an LLMView Source

Key figures

45.6%1Y

-56.9%3Y

%5Y

Performance

56.8%1Y

72.2%3Y

72.2%5Y

Volatility