Truecaller (TRUE) Q3 2026 earnings summary

Executive summary

• Q3 net sales were SEK 464.0m, down 1% YoY in SEK but up 3% in constant currency and 18% QoQ; adjusted EBITDA was SEK 148.5m, with a 32.0% margin.

• Average MAU reached 476.2m and DAU 411.1m, each up 8% YoY; DAU-to-MAU was 86%.

• Premium and Truecaller for Business growth, alongside recovering Business Messaging, offset continued ad pressure; text+ adds recurring-revenue and geographic-diversification opportunities.

Financial highlights

• Gross profit fell 7% YoY to SEK 331.0m; reported EBITDA fell 20% to SEK 130.2m and EBIT fell 22% to SEK 113.6m.

• Net loss was SEK 22.6m versus SEK 108.5m profit a year earlier, including a SEK 92m provision for the Indian transfer-pricing dispute; EPS was SEK -0.07.

• 9M net sales declined 17% to SEK 1,218.9m; adjusted EBITDA fell 38% to SEK 300.7m and profit after tax was SEK 61.5m versus SEK 328.2m.

• 9M reported EBITDA was SEK 282.5m, down 42%; EBIT was SEK 232.9m, down 47%, and EPS was SEK 0.19 versus SEK 0.96.

• Operating cash flow before paid income tax and working-capital changes was SEK 157m, versus SEK 177m a year earlier.

Outlook and guidance

• No formal forecasts; near-term user-growth challenges are expected to persist in some regions, without the same trend affecting financial performance.

• Programmatic ad revenue is expected to improve gradually; new ad infrastructure and auction-model rollout aim to increase competition and improve pricing.

• ARPU growth efforts include Premium services, digital consumables, text+ expansion and B2B offerings; further Ads-stack components will be tested and scaled over coming quarters.

• Recurring revenues grew 26% YoY in constant currency, including text+ and eSIM; management is building for growth in 2027 and beyond.