User and premium growth continue, while we strengthen the platform for the future
Truecaller reported a 27% decrease in net sales to SEK 361.6 million in Q1 2026, despite a 9 million increase in monthly active users and a 52% growth in subscription revenues in constant currencies. The company expects staff costs to be at least 20% lower from Q3 2026 due to restructuring and previous efficiency initiatives.
Truecaller, a global platform for safe and trusted communication, reported a decrease in net sales by 27% to SEK 361.6 million in Q1 2026. The average number of monthly active users grew by 9 million to 463.2 million. Subscription revenues increased by 52% in constant currencies, while revenues from Truecaller for Business declined by 8%. The company will initiate a restructuring, expected to lower headcount by approximately 70 FTEs, with a one-off cost of SEK 23 million in Q2 2026. Truecaller's recurring revenues grew 23% year-over-year in constant currencies, now accounting for 47% of total net sales. The company expects staff costs to be at least 20% lower from Q3 2026.
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