Truecaller revenue more than doubles in first post-IPO earnings report
STOCKHOLM (Reuters) -Swedish mobile phone directory and caller identification service Truecaller reported a 129% rise in quarterly revenue in its first earnings report as a public company.
Revenue rose to 312.8 million Swedish crowns ($36.48 million) from 136.5 million crowns a year earlier while monthly active users rose 20% from a year earlier to around 292 million.
“All the investments we have done on the tech side in regards to an ad tech platform, Truecaller for business and subscriptions are showing results for us,” CEO Alan Mamedi said in an interview.
The company, which counts India as its biggest market, listed its Class B shares late last month.