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Increased revenue and profit growth

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2 years ago

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Year-end report January-December 2024

STOCKHOLM, Feb. 18, 2025 /PRNewswire/ — Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to report an increase in net sales with 23% to SEK 522.8 million (424.7). Net sales reached an all-time high and all income streams contributed to the growth. EBITDA increased with 19% to SEK 201.1 million (168.5) and the EBITDA margin was 38.5% (39.7%). EBITDA excluding costs for incentive programs increased with 36% and the margin increased to 44.3% (40.1%). Net profit increased with 29% and earnings per share increased with 33%. During the quarter average number of daily active users grew with 17 million which was an all-time high user growth in absolute terms.

Extract from CEO Word:

“Net sales increased by 23% in the fourth quarter compared to the same quarter last year, reaching 522 (425) million SEK. All three revenue streams contributed to this growth. Our recurring revenues, from Truecaller for Business (TfB) and Truecaller Premium subscriptions, increased by 42% and now account for 29% (25%) of our total revenue. Advertising revenue continued to grow for the second quarter in a row, now by 17% compared to the same quarter last year.

EBITDA increased by 19% to 201 (169) million SEK, despite larger investments in user growth and increased costs for incentive programs related to a higher share price. EBITDA excluding incentive program costs increased by 36%. The EBITDA margin was 38.5% (39.7%) including incentive program costs. Earnings per share increased by 33% to 0.44 (0.33) SEK per share.

Our user base continued to show strong growth, with 16 million new monthly active users and 17 million new daily active users during the quarter. The average number of monthly active users reached 429 million, an increase of 55 million in one year, corresponding to a growth of 15%. Growth remains broad-based, occurring across many countries and regions. We are rapidly approaching half a billion users, and we have never attracted new users as fast as we did in 2024.

The strategic decisions we have made regarding our Premium offerings are now yielding strong results, with subscription revenue growing by 39% to 78 (56) million SEK. The growth compared to Q3 2024 was 15%. We see strong growth across all regions, increased conversion rates, and higher average revenue per subscriber. Subscription revenue is growing with good pace on both Android and iOS and in all regions with the fastest growth occurring in regions outside India and MEA. In late January, we launched our new iOS product, which will primarily be a premium offering. With users finally getting the full Truecaller experience on iPhones, our ambition is to increase the growth of iOS-subscribers. The new offer should gradually start to have a revenue impact from the second quarter of 2025. Already today, subscription revenues from iOS users is 43% of total subscription revenue.

It is with great humility that I have taken on the role of CEO following the decision of Truecaller’s co-founders and my mentors, Alan and Nami, to step down from their operational roles after 15 years. Alan and Nami and the rest of the company have built a great foundation for future growth. As usage and relevance of mobile communication continues to grow, it brings with it immense opportunities for Truecaller to make communication safer, trusted and efficient. We will continue to execute our well-laid-out long-term strategy and back it with Truecaller’s agile startup culture, profitable growth and a strong balance sheet. Our conviction is that Truecaller has a much larger role to play in the growing field of mobile communication, including safeguarding people and businesses from the globally growing threat of digital scams and fraud,” says Rishit Jhunjhunwala CEO of Truecaller.

October-December 2024 (Q4)

Comparative figures refer to October-December 2023

Net sales increased by 23 percent to SEK 522.8m (424.7).EBITDA increased by 19% to SEK 201.1m (168.5), corresponding to an EBITDA margin of 38.5 (39.7) percent. Excluding the costs of incentive programs, EBITDA would have been SEK 231.4m (170.5), equivalent to an EBITDA margin of 44.3 (40.1) percent.Profit after tax increased by 29% to SEK 150.4m (116.2).Basic earnings per share was SEK 0.44 (0.33) and diluted earnings per share were SEK 0.44 (0.33).The average number of active users (MAU) increased by 55.4 million to approximately 429.4 million (374.0).Net sales increased by 20 percent in India, by 43 percent in the Middle East and Africa and by 24 percent in the rest of the world.

January-December 2024

Comparative figures refer to January-December 2023

Net sales increased by 8 percent to SEK 1863.2m (1728.9).EBITDA amounted to SEK 684.2m (702.9), corresponding to an EBITDA margin of 36.7 (40.7) percent. Excluding the costs of incentive programs, EBITDA would have been SEK 758.0m (742.7), equivalent to an EBITDA margin of 40.7 (43.0) percent.Profit after tax amounted to SEK 524.3m (536.3).Basic earnings per share were SEK 1.51 (1.49) and diluted earnings per share were SEK 1.51 (1.49).The average number of active users (MAU) increased by 45.3 million to approximately 405.9 million (360.5).Net sales increased by 3 percent in India, with 22 percent in the Middle East and Africa and by 23 percent in the rest of the world.

Presentation of the report

Rishit Jhunjhunwala, CEO and Odd Bolin, CFO presents the report and answers questions in a webcast and conference call on the 18th of February at 13.00 CET. The presentation will be held in English.

If you wish to participate via webcast, please use the link below.
https://truecaller.events.inderes.com/q4-report-2024

If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.inderes.com/teleconference/?id=50050364

For more information, please contact:
Odd Bolin, CFO
investors@truecaller.com
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

This information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 429 million active users. Headquartered in Stockholm, since 2009, we are a co-founder led. entrepreneurial company. with a highly experienced management team. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information, please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/truecaller-ab/r/increased-revenue-and-profit-growth,c4106993

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View original content:https://www.prnewswire.com/news-releases/increased-revenue-and-profit-growth-302378683.html

SOURCE Truecaller AB

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Bluehost Brings AI to Life for Small Businesses Worldwide

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6 minutes ago

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November 5, 2026

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From the inaugural ELEVATE Small Business Growth Summit featuring Google, TikTok, Gary Vaynerchuk and Codie Sanchez, to a global AI Builder Tour spanning 10 cities and four continents, Bluehost is bringing together entrepreneurs, technology leaders and AI innovators to turn AI into real business growth.

JACKSONVILLE, Fla., Nov. 5, 2026 /PRNewswire/ — Bluehost, the small business platform for the AI era, today announced a global series of events bringing together entrepreneurs, technology leaders and AI builders to help small businesses move beyond AI hype and put AI to work to build, grow and run their businesses.

The initiative brings together two complementary communities shaping the future of small businesses. On Nov. 10, Bluehost’s inaugural ELEVATE Small Business Growth Summit will help entrepreneurs and small business owners discover practical ways to use AI to build, grow and run their businesses. In parallel, the company’s Small Business AI Builder Tour will connect founders, developers and AI innovators across 10 cities and four continents to showcase new ideas, collaborate with experts and turn AI-powered projects into real-world solutions.

Despite growing awareness of AI, adoption beyond general-purpose chat remains limited. Bluehost’s recent State of Small Business AI Confidence study found that only 16% of surveyed U.S. small business owners had deployed an AI agent. Closing that gap by helping businesses move beyond asking AI questions and transitioning to use AI for marketing, customer discovery, growth and everyday operations is a central focus of Bluehost’s global events and community programs.

“AI is giving small businesses capabilities that once required much larger teams and budgets,” said Sachin Puri, Chief Executive Officer of Newfold Digital, parent company of Bluehost. “But access to AI alone isn’t enough. The real opportunity is helping entrepreneurs put it to work, to build, grow and run their businesses. By bringing together small business owners, technology leaders and AI builders, we’re turning AI’s promise into practical outcomes.”

Bluehost ELEVATE Small Business Growth Summit
Taking place virtually on Nov. 10, 2026, from 12 p.m. to 6 p.m. ET, ELEVATE is a free global summit focused on helping entrepreneurs apply emerging technology to real business challenges. Bluehost will also host local gatherings in San Francisco, Austin and New York, giving small business communities an opportunity to experience the program and connect in person.

Built around three themes, Build, Grow and Run, the program will explore how small businesses can establish and strengthen their digital presence, get discovered and reach more customers, and use AI and automation to operate more effectively.

ELEVATE will feature entrepreneurs and bestselling authors Gary Vaynerchuk, CEO of VaynerMedia, and Codie Sanchez, founder of Contrarian Thinking. Their perspectives on business ownership, marketing and growth reach millions worldwide, and Vaynerchuk’s fireside conversation with Newfold Digital CEO Sachin Puri, will be the summit’s finale.

The lineup also includes Brendan Jacobsen, Global Head of Channel Sales at TikTok; Farhaz Karmali, Product Director at Google; Sachin Puri, CEO of Newfold Digital; Salim Ali, CMO of Bluehost; and Satish Hemachandran, CPO of Bluehost, along with small business owners and additional industry experts.

The ELEVATE Small Business Growth Summit will combine keynotes, conversations, demonstrations and practical guidance that attendees can apply directly to their businesses.

To register for the online event or attend a watch party in New York City, Austin or San Francisco, visit bluehost.com/elevate.

Bluehost AI Builder Tour: Connecting Global AI Communities to Advance Small Business Innovation
Bluehost is bringing together AI builders, developers, founders and engineers across 10 cities and four continents through its Small Business AI Builder Tour, supporting a growing global community of innovators building AI-powered websites, applications, agents and automations.

Partnering with established global AI communities, including AI Tinkerers and AI Camp, Bluehost is collaborating with local builders and community leaders to deliver hands-on experiences that foster knowledge-sharing, collaboration and innovation. Community experts will lead breakout discussions and “Unblock Your Build” sessions, offering participants practical guidance on technical challenges to help advance their projects.

Each event will feature live project showcases, interactive build sessions and expert feedback to help participants take ideas and prototypes closer to launch. The tour also creates opportunities for builders to develop relationships with fellow innovators and the broader AI ecosystem.

The tour kicked off in Florianópolis, Brazil, on Oct. 30, 2026 with additional events scheduled through January 2027.

AI Builder Tour Dates and Locations:

Date                     

City                                         

Venue 

Oct. 30, 2026         

Florianópolis, Brazil            

Square SC

Nov. 5, 2026          

Austin, Texas                      

Distribution Hall

Nov. 17, 2026          

San Francisco, California    

The Avalon

Nov. 18, 2026          

Santiago, Chile                    

Cenco Costanera

Nov. 24, 2026        

Bangalore, India                  

TBD

Nov. 27, 2026          

São Paulo, Brazil                

Cubo Itaú

Dec. 1, 2026          

London, United Kingdom    

Plexal

Dec. 3, 2026          

New York, New York            

TBD

Dec. 11, 2026          

Guadalajara, Mexico            

Tecnológico de Monterrey

Jan. 12, 2027          

Chicago, Illinois                    

TBD

To view upcoming Bluehost Small Business AI Builder Tour locations, learn about planned local programs and register, visit bluehost.com/smb-ai-builder-tour.

About Bluehost
Trusted by over 3 million customers worldwide, Bluehost is the small business platform for the AI era. Bluehost makes it easy for small businesses to build, host, and run online with confidence. From creating sites, stores, logos, apps and campaigns to managing business operations, building and deploying AI agents and apps, Bluehost combines purpose-built AI with high-performance hosting and human expert support available 24/7. Bluehost has been recommended by WordPress.org since 2005. For more information on Bluehost, visit Bluehost.com.

About Newfold Digital
Newfold Digital is a leading web and commerce technology company serving nearly 7 million customers globally through our portfolio of brands including Bluehost, Crazy Domains, HostGator, Network Solutions, Yoast, YITH, and many others. We help customers of all sizes build a digital presence that delivers results. With our extensive product offerings and personalized support, we take pride in collaborating with our customers to serve their online presence needs. Learn more about Newfold Digital at Newfold.com.

Media Contact:
Paola Lorenzo
press@bluehost.com

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SOURCE Bluehost

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Cashman Preload Cryogenics Selected by Power LNG as LNG Tank Partner for Project Seawolf

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6 minutes ago

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November 5, 2026

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QUINCY, Mass., Nov. 5, 2026 /PRNewswire/ — Power LNG Ventures has selected Cashman Preload Cryogenics (CPC), an affiliate of Jay Cashman, Inc., as its LNG tank partner for Project Seawolf, a marine LNG fueling facility on Pelican Island in Galveston, Texas. CPC will engineer the project’s 3-million-gallon full-containment LNG storage tank through development, permitting and financing.

CPC’s expertise in LNG tank design, permitting and construction reinforces its commitment to project success, safety and excellence

The tank combines a precast, prestressed concrete outer wall with a 9% nickel steel inner tank and a steel dome roof. CPC’s concrete design delivers proven reliability and safety while optimizing cost and schedule. CPC will work with the Project Seawolf team to integrate the tank into the full facility design.

“Power LNG is building critical marine fueling infrastructure at the Port of Galveston,” said Eric Reaman, President & CEO of CPC. “We know what it takes to develop these assets. We’re glad to be on the team at this stage, and we’ll be ready when the project moves to construction.”

Project Seawolf is being developed on approximately 30 acres of port-owned property. Initial production is 400,000 gallons per day, scalable to 800,000 gallons per day as demand grows. The facility will supply LNG to cruise ships and cargo vessels in the Port of Galveston and the Houston Ship Channel, meeting growing demand for lower-emission marine fuel. The project is targeted to enter service by the end of 2028.

“We reviewed the tank technology options for full-containment storage and selected CPC as our tank partner,” said Austin Terry, CEO of Power LNG Ventures. “CPC brings deep experience designing, permitting and building LNG tanks of this size. This selection reflects our commitment to the project, to operational safety and to best-in-class partners.”

About Cashman Preload Cryogenics
Cashman Preload Cryogenics (CPC), part of the Preload International family of companies and an affiliate of Jay Cashman, Inc., designs and builds prestressed concrete tanks for liquid storage. Preload built its first water storage tank in 1930. Since 1952, Preload has designed and built more than 40 low-temperature and cryogenic storage tanks, and many more dike walls, for LNG, LPG, LN/LOX and ammonia. Preload is recognized as the pioneer of circular prestressed concrete liquid storage structures.

About Power LNG Ventures
Power LNG Ventures is a Houston-area developer of small-scale, modular LNG projects. Founded in 2022, the company is developing Project Seawolf, a fully integrated LNG liquefaction, storage, marine bunkering and export facility on Pelican Island at the Port of Galveston. With its strategic partner Énestas, Power LNG is also developing the Harborside Terminal to begin LNG supply by truck while Project Seawolf is built.

View original content:https://www.prnewswire.com/news-releases/cashman-preload-cryogenics-selected-by-power-lng-as-lng-tank-partner-for-project-seawolf-302929803.html

SOURCE Cashman Preload Cryogenics

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E Tech Group to Present on GMP-Critical Building Management at Automation Fair 2026

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6 minutes ago

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November 5, 2026

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On November 17 and 19, Michael Roy will discuss E Tech Group’s work to modernize a GMP-critical building management control system at a pharmaceutical manufacturing facility in the Greater Boston area utilizing Rockwell’s PlantPAx. E Tech Group will exhibit at Booth #745.

WEST CHESTER, Ohio, Nov. 5, 2026 /PRNewswire/ — E Tech Group, a leading provider of industrial automation and systems integration, 2025 System Integrator of the Year, and Platinum-certified Rockwell Automation Partner, today announced that Michael Roy of E Tech Group will present on modernization of building management systems in GMP-critical environments at Automation Fair 2026 by Rockwell Automation, taking place November 16–19 at the Thomas M. Menino Convention & Exhibition Center in Boston, Massachusetts.

Roy’s Partner Solutions session, “PS21 – Modernizing GMP-Critical Building Management in Pharmaceutical Facilities,” will take place Tuesday, November 17, at 1:00 p.m. ET and Thursday, November 19, at 10:00 a.m. ET in 253C.

The presentation will examine E Tech Group’s work to modernize aging air handler controls across validated production areas at a pharmaceutical manufacturing facility in the Greater Boston area. Because the building management system (BMS) supports GMP-critical environments, the project required careful planning to update the control architecture while maintaining facility operations and meeting stringent reliability, data integrity and compliance requirements.

E Tech Group implemented a fully redundant PlantPAx-based BMS architecture that addressed the immediate modernization need while establishing a scalable framework that could be applied to future system upgrades across the facility. During the session, Roy will discuss the engineering considerations behind the approach, including redundancy, network design, validation and cutover planning, and how the initial implementation established a foundation for subsequent BMS modernization.

“Modernizing a GMP-critical system requires careful planning to protect the conditions the facility depends on every day,” said Roy. “For this project, we wanted to address the immediate need while creating an approach that could be expanded as additional systems are upgraded across the facility.”

Roy is a Principal Engineering Manager at E Tech Group with nearly a decade of experience in automation and electrical engineering. He brings extensive expertise in technical project leadership, business development, and delivering innovative automation solutions.

At Booth #745, attendees can meet with Roy and E Tech Group engineers and life sciences specialists to discuss validated automation, controls modernization and scalable system architectures for regulated manufacturing environments. Visitors can also stop by the booth for a demonstration of SecureOT™, Rockwell Automation’s industrial cybersecurity solution suite, and see how greater visibility into OT assets and network activity can help uncover potential areas of concern and support a more proactive cybersecurity strategy.

E Tech Group supports pharmaceutical, biotechnology and other regulated manufacturers with automation and system integration expertise spanning building management and process control systems, manufacturing execution systems (MES), compliance services and digital transformation. Its engineers help organizations modernize validated systems while addressing integration, reliability and long-term scalability requirements.

For more information about Automation Fair 2026 and to register for the November 16–19 event in Boston, visit the Automation Fair 2026 registration page.

About E Tech Group

E Tech Group is a global CSIA Enterprise Certified automation engineering and system integration firm with locations spanning 8 countries across three continents. Backed by a team of over 900 professionals, the company delivers cutting-edge automation, control, and information solutions to clients in the Life Sciences, Data Centers, Consumer Products, Food & Beverage, and Industrial sectors. In addition to its organic growth, E Tech Group has expanded through several acquisitions, including the most recent additions of E-Volve Systems, Automation Group, and JSat Automation. To learn more, visit E Tech Group’s website, LinkedIn, Facebook, and YouTube.

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SOURCE E Tech Group

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