Truecaller Q1 2025: Softer than expected - Redeye

Redeye comments on Truecaller’s Q1 2025 report, which was somewhat softer than expected. The lower profitability primarily stems from higher costs related to the incentive program and marketing campaigns for the new iOS product. Recurring revenues continue to increase strongly and now account for 32% of total revenues in the quarter. Redeye expects to make some downward estimate revisions following today’s report.

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