Truecaller AB (publ) (TRUE_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to our Q1 Report webcast. I'm Rishit Jhunjhunwala, the CEO of Truecaller, and with me, I have Aude Bolin, our CFO, as always. Today, I'll talk about how we performed in the quarter in a few important areas. Then I'll hand over to Aude to talk about the financial performance, and then we'll open up for Q&A. In Q1, the average MAO was 463 million, which is a growth of 12% year-on-year. Our average DAO was 403 million, which is 13% growth year-on-year, and we continue to have a very healthy engagement with a DAO and MAO ratio of 87%. Net sales decreased with 27% year-on-year in SEC. Our EBITDA decreased by 57%, and we reported a margin of around 18%, including incentive costs. As you are aware, our headline numbers during the year have been affected negatively by the strengthening SEK, which is something Aud will cover more in his part of the presentation. In terms of user growth, we added 9 million users this quarter, surpassing an important milestone of half a billion people around the world using Truecaller today. This growth came from all regions, even though we reduced our spending to acquire users, given the current revenue challenges we've been seeing. CNAP in India still remains at a partial rollout, similar to what we said in the Q4 2025 report. So far, the impact on our user growth is limited, which is, while this is a good sign for us, as I've said multiple times in the past, we do expect that CNAP might have some impact on user growth in that region, but it remains to be seen as it rolls out. We're also very excited about the growth we're seeing in multiple regions around the world. We believe we can add value to people across the globe, and hence, this has been a big focus area for us. While our top markets continue to grow, the...