Truecaller AB (publ) (TRUE_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Welcome to our Q2 report webcast. I'm Rishi Jhunjhunwala, the CEO of Truecaller, and with me, I have Ott 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 currency as well as SEK converted numbers. Right, so in terms of user growth, we did an average of 427 million monthly actives in the quarter, which represents a strong growth of 15% year on year. This continues to be the cornerstone of our business and highlights our dominance in this space. We also had an average of 367 million non-iOS daily actives, which translates to a very healthy stickiness metric of 86%. In SEK, our net sales grew 9% to 496 million and our EBITDA excluding incentive cost grew 20% to 212 million. This translates to an EBITDA margin excluding incentive cost of almost 43%, which is a great improvement from last year. If we include incentive costs, this margin was close to 35%. Now, if we then look at numbers in constant currencies, which is basically our estimation of how financials would look like if we had the same currency rates as we did in Q2, 2024, then our net sales for the quarter grew 21%, crossing half a billion sec. Our EBITDA, excluding incentive costs, grew to 38%, grew 38% to 245 million, which is an EBITDA margin of 44%. If we include incentive costs, our EBITDA is almost 37% in constant currency. So we continue to o...