STOCKHOLM, Feb. 17, 2026 /PRNewswire/ —
Year-end report January-December 2025
Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, report a decrease in net sales with 14% to SEK 450.9 million (522.8), in constant currencies the decrease was 1%.
In constant currencies subscription revenues grew with 53%, Truecaller for Business with 48% while revenue from ads declined with 22%. Truecaller’s recurring revenues excluding revenues of one-off character reached an annualised run-rate of approximately SEK 750 million and grew 46% year-over year in constant currencies.
EBITDA excluding incentive costs decreased with 31% and the EBITDA margin was 35.4% (44.3%), in constant currencies the decrease was approximately 20%. EBITDA including costs for incentive programs decreased with 49% to SEK 103 million (201.1) and the margin was 22.8% (38.5%), in constant currencies the decrease was approximately 36%.
During the quarter average number of monthly active users grew with 12.5 million.
The fourth quarter’s results include, as previously announced, a number of non-recurring nature. Excluding these, net sales amounted to SEK 415.9 million and EBITDA amounted to SEK 126 million, corresponding to an EBITDA margin of 30.3%.
In accordance with Truecaller’s dividend policy, Truecaller’s board of directors has decided to propose a dividend of SEK 0.28 per share for the 2025 financial year to the annual general meeting.
CEO Word:
2025 was a year characterized by continued strong user growth and exceptional growth in recurring revenues, but also disappointing advertising revenue during the second half of the year. We continue to add around 1 million users per week on Android and iOS combined, not far from having half a billion users using Truecaller. The strong development in recurring revenues confirms that we are now well into a new revenue growth phase – a phase increasingly driven by recurring revenues, with a gradually smaller relative contribution from advertising.
Truecaller’s first major monetization phase was built on programmatic advertising. This played a crucial role in scaling the business, creating strong profitability and financing our journey to become a global platform with close to half a billion users. That phase enabled us to build an unparalleled intelligence around identity and communication, which now forms the foundation for our next phase of growth.
Net sales in Q4 decreased with 1% in constant currencies compared to the fourth quarter 2024. Ad revenues declined while recurring revenues continued on its strong growth path. Excluding items of one-off character, the EBITDA margin in the quarter was 30% and we continue to have a solid cash flow. Truecaller’s balance sheet remains strong with SEK 1.0 bn in cash and short-term investments and no financial debt.
We now enter 2026 with a strong and clear focus to capitalize on our solid foundation, to become a company that adds value to every smartphone user globally.
Firstly, communication is unfortunately more unsafe than ever, not the least due to the advancements in AI. This creates a large need beyond the core services we provide today and numerous problems for us to solve for our loyal users. Over the last few years we have continuously expanded our product to become a comprehensive trusted communication platform. In Q4 alone, we launched Truecaller Family Protection, AI augmented voicemail and a digital assistant that captures fraud in real time, all with the aim to build upon our success. We believe we’ve only scratched the surface with our product and have a very exciting roadmap ahead of us to expand to adjacent areas.
Secondly, many countries beyond India are experiencing lower trust in communication and rely heavily on their smartphones in their daily lives. In markets such as Brazil, Mexico, Colombia and the United Arab Emirates, we already see an annual user growth rate of more than 20%. We’re confident that we can become the de facto standard for safe and trusted communications in multiple regions around the world. This needs sharp focus and investment, not only in terms of marketing, but also in terms of product variants suited better for newer regions. Growing stronger in multiple …