Third quarter 2021: Truecaller is reporting strong growth in revenues and number of users combined with good profitability

Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to report revenue growth of 129 percent combined with an adjusted EBITDA margin of 37.6 percent in the third quarter of 2021.

“We see a continued strong growth trend both in terms of users and revenue during the third quarter and we are very proud of the momentum we have managed to achieve. Operating revenue amounted to SEK 312.8 (136.5) million in the quarter and the average number of monthly active users was 292 million. Truecaller is the leading service for verifying calls and messages between people and companies and is the fastest growing platform in emerging markets in Asia, the Middle East and Africa", says Alan Mamedi, CEO of Truecaller.

July-September 2021 (Q3)
Comparative figures refer to July-September 2020.

• Revenues increased by 129 percent to SEK 312.8m (136.5) compared to the same quarter last year.
• Adjusted EBITDA* amounted to SEK 117.7m (40.9), corresponding to an adjusted EBITDA margin of 37.6 (30.0) percent.
• Profit after tax was SEK 2.3m (29.6).
• Basic earnings per share were SEK 0.01 (0.14) and diluted earnings per share were SEK 0.01 (0.08).
• Results are impacted by items affecting comparability of SEK 77.2 million (1.6), related to preparations for the IPO, SEK 15.2 (-) million, and synthetic options, SEK 62.0 (1.6) million.
• The number of monthly active users (MAU) rose by 20 percent to around 292 (243) million.
• Revenue growth was 111 percent in India, 219 percent in the Middle East and Africa and 139 percent in the rest of the world.

January-September 2021
Comparative figures refer to January-September 2020.

• Revenues increased by 141 percent to SEK 737.6m (306.0) compared to the same period last year.
• Adjusted EBITDA* amounted to SEK 276.3m (28.7), corresponding to an adjusted EBITDA margin of 37.5 (9.4) percent.
• Profit after tax was SEK 120.0 million (-6.8).
• Basic earnings per share were SEK 0.55 (-0.03) and diluted earnings per share were SEK 0.34 (-0.03).
• Results are impacted by items affecting comparability of SEK 106.6 million (7.6), related to preparations for the IPO, SEK 30.0 (-) million, and synthetic options, SEK 76.6 (1.6) million.
• The number of monthly active users (MAU) rose by 22 percent to around 280 (230) million on average during the period January-September.
• Revenue growth was 142 percent in India, 165 percent in the Middle East and Africa and 113 percent in the rest of the world.

* EBITDA adjusted for costs related to stock exchange listing and synthetic options from the acquisition of Backwater Technologies. Costs for synthetic options were included in the adjusted EBITDA in the prospectus as of September 29, 2021.

Alan Mamedi, CEO and Odd Bolin, CFO presents the report and answers questions in a webcast and conference call today at 10.00 CET. The presentation will be held in English.

Follow the presentation live:

Link to webcast

To listen to the presentation by phone, please call:

SE: +46856642703
UK: +443333009262
US: +1 6319131422 US-PIN: 92291591#

For more information, please contact:

Odd Bolin, CFO
investors@truecaller.com

Annika Billberg, Head of IR & Communication
+46 702 679791
annika.billberg@truecaller.com
 

This information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.

About Truecaller:
We enable safe and relevant conversations between people and make it efficient for business to connect with consumers. Fraud and unwanted communication are endemic to digital economies, especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for around 280 million active users, with half a billion downloads since launch and more than 30 billion unwanted calls identified and blocked. Headquartered in Stockholm, since 2009, we are a co-founder led, entrepreneurial company, with a highly experienced management team. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information, please visit corporate.truecaller.com

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