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Truecaller: Soft Monetization from Ads - Redeye

Redeye thinks the Q3 report from Truecaller was weaker than anticipated, particularly the monetization of ads. The outlook remains uncertain, though Redeye expects a significant boost to ads revenues in Q4 from the World Cup in Cricket, which will be held in India. Redeye expects to lower its valuation range by 5-10%.

Redeye thinks the Q3 report from Truecaller was weaker than anticipated, particularly the monetization of ads. The outlook remains uncertain, though Redeye expects a significant boost to ads revenues in Q4 from the World Cup in Cricket, which will be held in India. Redeye expects to lower its valuation range by 5-10%.
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