We are on a mission to build trust in communication. Fraud and unwanted communication are endemic to digital economies, especially in emerging markets. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. 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. +46 705 29 08 information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. To listen to the presentation by phone, please call: The presentation will be held in English. We intend to take advantage of such opportunities to further strengthen our market position, our product, and our services, and to achieve our long-term growth goals more quickly", says Alan Mamedi, CEO of Truecaller.Ĭomparative figures refer to January- March 2021.Īlan Mamedi, CEO and Odd Bolin, CFO presents the report and answers questions in a webcast and conference call today at 13.00 CET. On the contrary, unlike many other fast-growing technology companies, we continue to maintain a strong financial position, with a very strong cash flow and almost SEK 2 billion available for investments, giving us good opportunities to act when attractive opportunities arise.
We have seen no direct adverse financial impacts of such external factors on our business. In a world characterized by uncertainty with developments such as the war in Ukraine, rising inflation, and interest rates and the Covid pandemic, Truecaller continues to stand its ground. Investments in our AdTech platform and growing demand for our relatively new B2B product, Truecaller for Business, contributed to strong development this quarter. The year began on a very strong note, with net sales growth of 116 percent in Q1 and an adjusted EBITDA margin of 45.5 percent. We are proud to help users and businesses benefit from a safer and more efficient communication experience everyday. Our app was during the quarter one of the twenty most downloaded apps globally and about 80 percent of our 310 million Monthly active users use our platform daily. "The beginning of 2022 was characterized by continued strong user growth. STOCKHOLM, /PRNewswire/ - Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to report growth in net sales of 116 percent combined with an adjusted EBITDA margin of 45.5 percent in the first quarter of 2022.
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