Truecaller AB (publ) (TRUE_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Callers, Q3 presentation for 2025. During the questions and answer session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to CEO Rishit Jinjanwala and CFO Adbolin. Please go ahead. Hello, everyone, and welcome to our Q3 report webcast. I'm Rishit, the CEO of Truecaller, and with me, I have Aud Bolin, our CFO. Today, 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, and then we'll open up for QA, as always. So let's get started with the highlights of the quarter. In Q3, while our recurring revenue streams continued to show strong growth, our ads business came in soft, being unfortunately affected by a few external factors. Our recurring revenue grew by 32% year on year, 48% in constant currencies, which is a number I'm very happy with. This has been an area where we've invested heavily over the years, and we continue to believe that our broader strategy of growing recurring revenue is falling into place nicely, and it sets us up for long-term by having higher quality and predictable revenues that are less affected by external factors. Truecall for Business continued growing in established markets and new markets. FX headwinds did have a material impact here, but we're clearly continuing to add more value to enterprises, and we will expand further in this area. Premium subscriptions are showing strong growth too. Multiple markets are showing strong performance. And in fact, we see some markets where we have a conversion of 5% to 8% versus our global average of 0.7%. Growth came from both Android and iOS platforms, with iOS specifically being up 20% quarter on quarter. Again, something I'm very ...