Truecaller Reports Strong Q4 Growth: 29% PAT Increase and User Base Hits 429 Million

Truecaller reported robust Q4 2024 results, with net sales increasing 23% year-over-year to SEK 522.8 million. Profit after tax surged 29% to SEK 150.4 million, while earnings per share rose to SEK 0.44. The company's average monthly active users grew by 55.4 million to 429.4 million, marking a 15% increase. India remained a key market, contributing 71% of Q4 net sales. Truecaller's business segment, including Verified Business, showed strong growth with an ARR of SEK 234 million. The company's User Monetisation Engine helped boost average revenue per subscriber to SEK 9.86 per month. Despite positive results, Truecaller remains cautious about potential regulatory changes in India.

 

Source: Truecaller Year-End Report 2024