Truecallerthe world’s leading platform for contact verification and blocking unwanted communications, saw strong growth during the fourth quarter of 2021. Revenue for the quarter is expected to be SEK380 – 400 million (185.7 million Swedish crowns in the fourth quarter of 2020), primarily due to continued strong demand for the company’s advertising platform services. Adjusted operating profit (adjusted EBITDA) is expected to be SEK185 – 195 million (76.1 million Swedish crowns in the fourth quarter of 2020), mainly thanks to the rapid growth in revenue which resulted in an increase in the operating margin. Operating profit thus exceeds analysts’ consensus estimates by around 50 to 60% on average. The expected figures presented above are unaudited.
Items affecting comparability for the quarter are expected to amount to -15SEK at -20 million and are mainly related to the company’s IPO on Nasdaq Stockholm on October 8, 2021.
The positive trends of the first nine months of 2021 continued into the fourth quarter, with strong demand for Truecaller’s in particular the services of advertising platforms. In 2021, the demand for Truecaller’s products and services have grown in many different geographic markets, which has established a new base from which the company intends to continue to develop and grow, in line with previously communicated strategy and financial objectives:
- Average revenue growth of 45% per year between 2021 and 2024.
- The combination of revenue growth (in %) and EBITDA margin should remain above 70% between 2021 and 2024.
- An adjusted EBITDA margin above 35% after 2024.
The full report will be released on February 23 at 07:30 CET with a subsequent audio broadcast at 10:00 CET on the same day. The audiocast invitation will be posted on February 14 on the company’s website corporate.truecaller.com.
For more information please contact:
+46 704 28 31 73
Annika BillbergHead of IR & Communication
+46 702 679791
This information constitutes privileged information which Truecaller AB (publ) is required to publish in accordance with EU Regulation 596/2014 on market abuse. The information contained in this press release was issued by the above contacts, at the time indicated by the Company’s news distributor, Cision, at the time of the publication of this press release.
We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communications are endemic to digital economies, especially in emerging markets. We are on a mission to build trust in communication. Truecaller is a daily communication essential for over 300 million active users, with half a billion downloads since launch and nearly 38 billion spam calls identified and blocked in 2021. stockholmsince 2009, we have been an entrepreneurial company led by a co-founder, with a very experienced management team. Truecaller has been listed on Nasdaq Stockholm since October 8, 2021. For more information, visit corporate.truecaller.com.
(c) Decision 2022. All rights reserved., sources Press Releases – English