Truecaller AB (publ) (TRUE_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to our Q2 report webcast. I'm Rishi Jhunjhunwala, the CEO of Truecaller, and with me, I have Aud Bolin, our CFO. As always, I'll talk about how we performed in the quarter in a few important areas, and then I'll hand over to Aud to talk about the financial performance. At the end of the presentation, we will also talk about the news flow we sent out yesterday, and then we'll open up for a Q&A. In Q2, the average monthly active user was 471 million, which is a growth of 10% year-on-year. Our average DAO was 409 million, which is 11% growth year-on-year. And we continue to have a very healthy engagement, with a down ratio of 87%. Net sales decreased with 21% year-on-year in SEK. Our EBITDA decreased by 49%, and we reported a margin of 22.4%, including incentive costs. While our year-over-year comparisons continue to reflect the challenges we have been navigating over the past several quarters, we saw sequential growth across all our revenue streams, which is definitely encouraging. We'll talk more about this later in the slides. In terms of user growth, we added 8 million users this quarter, which is 44 million users year on year. This growth came from all regions, even though as mentioned in the previous quarter, we have reduced our spending to acquire users given the lower revenues we have had. It is not unlikely that we will increase the spend if the revenue situation continues to improve. The strongest growth this quarter came from the Middle East and Africa, a region where we now have surpassed 100 million users on Android and 110 million users including iOS. This region is also a very fast-growing region for us when it comes to premium revenues. In particular, this quarter, growth in the MEA region was solid in multiple markets, but K...