Truecaller’s Q4 results align with its preliminary figures, highlighted by a significant margin beat that underscores management’s agility in optimising the cost base. As the company enters 2026, it is shifting its focus from short-term profitability to long-term investments, transitioning from programmatic ad dependence to a stable, recurring revenue model. Consequently, we are lowering our near-term ad revenue and TfB growth estimates, though these are likely largely offset by a revised OPEX assumption following the announced SEK 90m cost-efficiency program.
LÄS MER
