Truecaller Q3 Sales Rise 18% on Q2 as Ads and Business Rebound
Stockholm – November 03, 2026 -- Truecaller reported third-quarter net sales of SEK 464.0 million, up 18% sequentially from Q2 and up about 3% year on year in constant currencies. Reported sales slipped 1% from SEK 467.9 million, and a SEK 92 million transfer pricing provision in India pushed the company to a quarterly loss.
Recurring revenue climbs to 47% of net sales
Subscription revenues grew 32% in constant currencies, and revenues from Truecaller for Business rose 14%. Advertising revenue fell 12%. Recurring revenues grew 26% year on year in constant currencies and now make up 47% of net sales, against 38% a year earlier.
The CEO said ad revenues grew 23% versus Q2 and turned modestly positive year on year in September, helped by the rollout of proprietary ad tech infrastructure. Truecaller for Business sales rose 15% versus Q2. Business Messaging volumes are structurally higher after the shift to a multi-partner model.