Connect with us

Technology

Sequential growth across all revenue streams

Published

on

STOCKHOLM, July 17, 2026 /PRNewswire/ — Interim report January-June 2026

Truecaller, the leading global platform for safe and trusted communication, report a decrease in net sales with 21% to SEK 393.2 million (496.4), the decrease in constant currencies was 14%.

In constant currencies subscription revenues grew with 41%, revenues from Truecaller for Business increased with 8% while revenue from ads declined with 34%. Truecallers recurring revenues grew 26% year-over year in constant currencies and now accounts for 49% (33%) of total net sales.

EBITDA excluding incentive costs decreased with 50% and the EBITDA margin was 26.9% (42.6%), in constant currencies the decrease was approximately 44%. Excluding one-off restructuring cost of SEK 23.5 million EBITDA decreased with 39% and the margin was 32.9%. 

EBITDA including costs for incentive programs decreased by 49% to SEK 88 million (173) and the margin was 22.4% (34.8%), in constant currencies the decrease was approximately 42%.

During the quarter average number of monthly active users grew with 8 million.

April-June 2026 (Q2)

Comparative figures refer to April-June 2025

Net sales decreased by 21 percent to SEK 393.2 million (496.4). Net sales in constant currencies decreased by approximately 14 percent.EBITDA excluding the costs of incentive programs decreased by 50 percent to SEK 105.8 million (211.6) equivalent to an EBITDA-margin of 26.9 (42.6) percent. In constant currencies the EBITDA decrease was approximately 44 percent. Excluding one-off restructuring cost of SEK 23.5 million EBITDA decreased with 39% and the margin was 32.9%.EBITDA including the costs of incentive programs decreased by 49 percent to 87,9 (172.8), corresponding to an EBITDA-margin of 22.4 (34.8) percent. In constant currencies the EBITDA decrease was approximately 42 percent.Profit after tax amounted to SEK 51.7 million (118.0).Basic earnings per share were SEK 0.16 (0.34) and diluted earnings per share were SEK 0.16 (0.34)The average number of active users excluding iOS (MAU) increased by 44.4 million to 471.0 million (426.6).

January-June 2026

Comparative figures refer to January-June 2025

Net sales decreased by 24 percent to SEK 754.8 million (993.3). Net sales in constant currencies decreased by approximately 15 percent.EBITDA excluding the costs of incentive programs decreased by 49 percent to SEK 209.0 million (410.2) equivalent to an EBITDA-margin of 27.7 (41.3) percent. In constant currencies the EBITDA decrease was approximately 40 percent.EBITDA including the costs of incentive programs decreased by 53 percent amounted to 152.3 (321.8), corresponding to an EBITDA-margin of 20.2 (32.4) percent. In constant currencies the EBITDA decrease was approximately 42 percent.Profit after tax amounted to SEK 84.1 million (219.7).Basic earnings per share were SEK 0.25 (0.64) and diluted earnings per share were SEK 0.25 (0.64).The average number of active users excluding iOS (MAU) increased by 44.7 million to 405.9 million (361.2).

CEO Word:

This quarter marked an important step forward for Truecaller. While our year-over-year comparisons continue to reflect the challenges we have been navigating over the past several quarters, we saw sequential improvements across all our revenue streams, supported by the strategic initiatives implemented during the recent quarters.

Our advertising business showed encouraging signs of improvement during the quarter. Advertising revenues increased by 6% compared to Q1, a decline of 34% year-over-year in constant currencies. Towards the end of the quarter, we saw a positive impact from the removal of the flagging by our largest demand partner. As a consequence of this, the daily average revenue from the partner increased by approximately 10-15% compared to the quarterly average and has been stable at that level also in the beginning of the third quarter. While the full impact will be visible over time, this provides positive momentum as we continue to execute on our long-term strategy to build a more diversified and resilient advertising business.

We continue to make progress on the rollout of the unified, auction-based monetisation infrastructure which is our longer-term ambition. We believe that increased competition for our inventory through programmatic, partner and direct sales channels will yield the results we strive for. At the same time, our Direct Ad Sales business continues to develop positively, with stronger customer relationships and a broader market approach contributing to improved performance.

Premium continued to be one of our strongest revenue growth drivers. Premium revenues grew 41% year-over-year in constant currencies and increased by 6% compared to Q1, driven by continued user conversion, stable monetisation and increasing appreciation of our Premium product. That business continues to demonstrate the attractiveness of our subscription offering, and we remain confident in the significant long-term opportunity as only a small share of our global user base currently uses Premium.

Within Truecaller for Business, we saw an improvement during the quarter, with revenues growing 8% year-over-year in constant currencies and 24% compared to Q1. The improvement compared to Q1 was driven by positive developments across both Verified Business and Business Messaging. After a weak new sales at the end of 2025, Verified Business has again shown stronger sales, while Business Messaging benefited as new partners started to scale up their volumes and our long-standing earlier exclusive partner returned as a non-exclusive partner during the end of the quarter. This demonstrates the value of Truecaller platform for business to consumer messaging. Our broader multi-partner strategy is creating a stronger foundation for future growth and increased diversification.

As a result of the continued growth in recurring revenue streams, our revenue mix continues to improve. Recurring revenues grew by 23% year-over-year in constant currencies and represented almost half (49%) of our total revenues during the quarter. This development reflects our long-term strategy of building a more predictable and diversified revenue base.

User growth remained healthy, with 8 million additional users added during the quarter. We continue to see strong global demand for Truecaller’s core offering, and our focus remains on expanding access to our services while maintaining a disciplined approach to user acquisition. With hundreds of millions of people relying on Truecaller everyday, our large global user base continues to be the foundation for future growth across our different revenue streams.

During the quarter, we also took an important strategic step by entering a new yet adjacent product category with the launch of travel eSIMs. This is Truecaller’s first step into mobile services and the first time we are offering digital consumer products beyond Caller ID and spam protection. We are encouraged by this launch and expect to bring more digital products and services to our massive user base.

The cost efficiency initiatives initiated during the first half of the year are also starting to have an impact. They create a leaner and more focused organisation, allowing us to remain disciplined while continuing to invest in the areas with the highest long-term potential. Following the organisational changes implemented during the second quarter, our cost base has also come down materially.

Net sales amounted to SEK 393 million, a decrease of 14% year-over-year in constant currencies, but an improvement of 9% compared to Q1. EBITDA declined by 42% year-over-year, impacted by the ongoing revenue transition, but profitability improved compared to the first quarter. Excluding restructuring costs, EBITDA margin was 26%, demonstrating the positive impact from both improved revenue trends and our efficiency initiatives.

Looking ahead, we enter the second half of the year with improving momentum across all our revenue streams. The transformation journey we discussed earlier in the year continues and we are now seeing some of the strategic decisions made over the past quarters are starting to yield results. With continued Premium growth, improving advertising monetisation, a stronger Truecaller for Business foundation, a leaner organisation and new opportunities emerging from product expansion, we are well positioned to create sustainable and profitable growth over time.

The entire team remains focused on using this positive momentum to execute on our strategy. We have more work ahead of us, but we are encouraged by the progress made during the quarter and confident in the direction we are heading, says Rishit Jhunjhunwala CEO of Truecaller.

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 17th of July at 13.00 CEST. The presentation will be held in English.

If you wish to participate via webcast please use the link below.
https://truecaller.events.inderes.com/q2-report-2026

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://events.inderes.com/truecaller/q2-report-2026/dial-in

For more information, please contact:
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 safe and trusted communication. 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 500 million active users. 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/sequential-growth-across-all-revenue-streams,c4375604

The following files are available for download:

https://mb.cision.com/Main/20429/4375604/4197015.pdf

Read Truecaller interim report Q2 2026

https://news.cision.com/truecaller-ab/i/q2-report-2026—eng,c3553991

Q2 Report 2026 – eng

https://mb.cision.com/Public/20429/4375604/81bc06236be9253c.xlsx

Financial developments Truecaller Q2 2026 including new KPIs

 

View original content:https://www.prnewswire.com/news-releases/sequential-growth-across-all-revenue-streams-302828319.html

SOURCE Truecaller AB

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Chandigarh University Uttar Pradesh Signs MoUs with 36 Top Global Universities; to provide global exposure for students

Published

on

By

Students to get an opportunity to study at top ranked Universities across 19 countries

LUCKNOW, India, July 17, 2026 /PRNewswire/ — Chandigarh University Uttar Pradesh, India’s first AI-Augmented Multidisciplinary University, has signed a Memorandums of Understanding (MoUs) with 36 top ranked universities in 19 countries to provide its students global learning through student exchange programs, dual degree programs, internships and joint research opportunities in the institutions abroad.

Divulging details of the MoUs, Jai Inder Singh Sandhu, Managing Director, Chandigarh University Uttar Pradesh said, “The university has built a globally diverse and academically strong network of international partners with global standing for connecting its students to world-class education.”

“The partner universities of Chandigarh University Uttar Pradesh are top ranked in the QS World University Rankings. While one of these 36 universities is ranked among the world’s top 100, seven universities feature in the top 200 globally, 12 are ranked between 201 and 500, and eight are placed among the world’s top 1,000 universities in the QS World University Rankings 2027.”

“The partner network of Chandigarh University Uttar Pradesh spans across the world with 7 universities in USA, 4 in United Kingdom, 3 in Malaysia, 2 each in Canada, Italy, Nepal, and South Africa and one each in Australia, Czech Republic, Germany, Macao SAR, New Zealand, South Korea, Argentina, Brazil, Croatia, Hungary, Indonesia, Malaysia, Mauritius signing MoUs to nurture young minds into global visionaries, enabling them to explore new cultures, expand their academic knowledge, and unlock exciting career growth opportunities,” he added.

Sandhu said, “The prestigious universities, both in the government and private sector, who have forged partnership with the Chandigarh University Uttar Pradesh include Borough of Manhattan Community College of the City University of New York, Northeastern University, Washington Adventist University, Illinois Institute of Technology, American University, Wishington DC, University of Maryland, Baltimore County, and Kent State University in the United States.”

“In the UK, Chandigarh University Uttar Pradesh’s partner universities include De Montfort University, Royal Holloway, University of London, and University of St Andrews from the United Kingdom, along with Queen’s University Belfast from Northern Ireland (UK). Chandigarh University Uttar Pradesh’s partner universities in Australia include RMIT, Western Sydney University and The University of Newcastle. The universities in Canada which have established partnership with Chandigarh University Uttar Pradesh include Brock University and The University of Western Ontario London, Ontario, Canada (Western),” he said.

Jai Inder Singh Sandhu, Managing Director, Chandigarh University Uttar Pradesh said, “Other universities which have signed MoU with Chandigarh University Uttar Pradesh include Universiti Sains Malaysia (School of Industrial Technology), Sunway University, and Asia Pacific University of Technology & Innovation (APU) in Malaysia; Università Cattolica del Sacro Cuore and Sapienza University of Rome in Italy, Pokhara University and Mid-West University, Surkhet in Nepal, University of Cape Town and Vaal University of Technology (VUT) in South Africa.”

“This apart, University of Macau in Macao, University of Zagreb (Faculty of Economics and Business) in Croatia; Palacký University in Czech Republic, Friedrich Schiller University Jena in Germany; University of Szeged in Hungary and Universitas Airlangga in Indonesia, The University of Auckland (Faculty of Education and Social Work) in New Zealand, UNICAMP Universidade Estadual de Campinas in Brazil, Middlesex University in Mauritius and Jeonbuk National University in South Korea,” he added.

Sandhu said, “These MoUs have paved the way for the students of Chandigarh University Uttar Pradesh to get international exposure with the access to top universities in the world’s popular higher education destinations across North America, Europe, Oceania, Asia and Africa, creating a rich educational ecosystem through semester abroad or dual degree programs, student exchange programs and joint research projects.”

“Under these MoUs, Chandigarh University Uttar Pradesh will offer a wide range of student exchange programs with its partner universities around the world on a semestral or academic-year basis. In semester exchange programs to Europe, Asia, South Africa, South America under these MoUs, students of Chandigarh University Uttar Pradesh will get the opportunity to spend a semester in partner universities to make their academic journey international. Chandigarh University Uttar Pradesh students who intend to do a degree from a University abroad with also get the opportunity for the same under these MoUs. Our students will have the distinct advantages to build-up their professional career,” he added.

Sandhu said, “Chandigarh University Uttar Pradesh’s Master Degree programs under these MoUs will help students get into some of the top-ranked Universities to pursue your higher degrees and avail institutional and government scholarships for the same. Chandigarh University Uttar Pradesh’s ‘Short Term Programs’ under the MoUs with the universities across the world will provide its students with a unique opportunity to gain practical international exposure. Through short-term Immersion Programs, Industry Immersion Programs, Profile Building Programs, Summer School Programs and Winter School Programs, Chandigarh University Uttar Pradesh students will engage with diverse communities, broaden their global perspective and develop valuable skills. Such programs are especially useful for students who want international exposure but may not be looking for a full long-term relocation. For many students, these shorter formats can be the first meaningful step into global learning.” 

Jai Inder Singh Sandhu said, “Students of Chandigarh University Uttar Pradesh will get ‘study-abroad’ opportunities under which they will spend a defined period at a partner university and experience an international classroom, new pedagogical methods and a different academic culture.”

“Chandigarh University Uttar Pradesh’s research-linked collaborations will also lead to creation of opportunities for scholarly engagement, academic exchange and knowledge creation. Such academic relationships will shape future projects, faculty interaction and interdisciplinary learning The MoUs with global universities will focus on several key areas in subject-specific key areas including AI and Cybersecurity in order to prepare students for careers in emerging technologies and improve their employability. In a higher education environment where credibility matters as much as visibility, Chandigarh University Uttar Pradesh is standing out for building global opportunities that are measurable, practical and relevant to student success,” he added.

About Chandigarh University Uttar Pradesh (Lucknow)

Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education. Our Uttar Pradesh campus carries forward the venerable legacy of more than a decade of Chandigarh University, Punjab, which has established itself as India’s No. 1 Private University and a torchbearer of groundbreaking pedagogy and research-driven innovation. The AI-augmented new campus offers a broad spectrum of industry-driven futuristic academic programs encompassing data-driven insights, virtual reality experiences, real-world simulations, corporate mentorship, international perspective, interdisciplinary research, cultivation of entrepreneurial spirit, and professional competencies.

https://www.culko.in/

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/chandigarh-university-uttar-pradesh-signs-mous-with-36-top-global-universities-to-provide-global-exposure-for-students-302828381.html

Continue Reading

Technology

Skanska builds high-tech fabrication facility in Boise, Idaho, USA, for USD 390M, about SEK 3.6 billion

Published

on

By

STOCKHOLM, July 17, 2026 /PRNewswire/ — Skanska has signed a contract with a new confidential high-tech client for the construction of a fabrication facility in Boise, Idaho, USA. The contract is worth USD 390M, about SEK 3.6 billion, which will be included in the US order bookings for the third quarter of 2026.

Work is for a new fabrication facility, a dedicated Central Utility Plant, and associated site infrastructure.

Work has begun and is scheduled for completion in the first quarter of 2028.

For further information please contact:
Daniela Arellano, Communications Director, Skanska USA, tel +1  213 317 4977
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

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

https://news.cision.com/skanska/r/skanska-builds-high-tech-fabrication-facility-in-boise–idaho–usa–for-usd-390m–about-sek-3-6-bill,c4375621

The following files are available for download:

https://mb.cision.com/Main/95/4375621/4197368.pdf

20260717 US high-tech fabrication facility

 

 

View original content:https://www.prnewswire.co.uk/news-releases/skanska-builds-high-tech-fabrication-facility-in-boise-idaho-usa-for-usd-390m-about-sek-3-6-billion-302828356.html

Continue Reading

Technology

Akko Launches New U1 Switch Series, Debuting with Creamy Yellow U1

Published

on

By

SHENZHEN, China, July 17, 2026 /PRNewswire/ — As Akko approaches its 10th anniversary, the brand introduces U1 Series mechanical keyboard switches. As Akko’s next-generation switch lineup, the U1 Series is built around material innovation, structural refinement, and acoustic tuning, aiming to deliver a polished typing experience.

Across the series, U1 switches feature a newly engineered POM-blend material. While retaining the self-lubricating properties of POM, the material improves smoothness and consistency, bringing a cleaner sound profile and a refined typing feel. A redesigned cylindrical stem and optimized rail structure help each keystroke sound more focused and lower-pitched, with a thocky character, while reducing rail contact area. Paired with an upgraded POM top housing, the design suppresses spring ping and unwanted resonance. Each switch is precision factory-lubed to reduce dry friction out of the box, allowing users to enjoy a smooth, stable feel without manual lubrication.

Creamy Yellow U1 also receives dedicated internal structural upgrades. This U1 version combines the crisp character of the V3 version with the deeper sound of the V5 version, balancing different preferences for switch acoustics. Its optimized structure delivers more stable performance across keyboard configurations, making it suitable for entry-level users exploring custom keyboards while improving compatibility. Through a specially designed light-guiding column for diffusion, the switch reduces light loss and dark areas, creating brighter, more even RGB effects across compatible PCBs. Packaging has also been upgraded to a standard 100-switch box, making it more convenient for switch replacement, spare use, storage, and bulk assembly across mainstream keyboard layouts, while improving efficiency and reducing packaging waste.

More U1 Series upgrades include Creamy Purple U1, which optimizes stem stability and noise control for a clearer tactile feel and purer sound; Piano U1, an upgraded version of the V3 Pro Piano switch with improved smoothness and stability for linear-switch users; and Crystal Silver U1, a new linear switch designed for fast actuation and responsive rebound in gaming scenarios.

According to Akko’s product team, an excellent switch is shaped by materials, structure, sound, and feel working together. Creamy Yellow U1 marks the beginning of the U1 ecosystem. Akko also plans to introduce silent-oriented products and will apply U1 switches to upcoming keyboards, including 5075 V5 and more V5 Series products.

The U1 Series switches are available through Akko’s global sales channels. For more information, please visit akkogear.eu and akkogear.de.

Photo – https://mma.prnewswire.com/media/3006364/695a99b3_cedc_4a52_99c1_70e9548d8051.jpg

View original content:https://www.prnewswire.co.uk/news-releases/akko-launches-new-u1-switch-series-debuting-with-creamy-yellow-u1-302827357.html

Continue Reading

Trending