Truecaller signals a return to growth as recurring revenue climbs 26% and sequential revenue jumps 18%, offsetting broader market headwinds in smartphone shipments.
Truecaller reported a strong sequential recovery in Q3 2026, with revenue growing 18% compared to Q2 and 3% year-over-year in constant currency. The company is successfully shifting its revenue mix toward recurring income, which now accounts for 47% of total revenue, driven by a 32% increase in premium subscriptions and a recovery in the Truecaller for Business segment.
The acquisition added 1.5 million monthly active users and provides a platform to accelerate growth in the US market through integration within the Truecaller app.
After a challenging period, the advertising business saw a progressive stabilization, with revenue increasing 23% sequentially from Q2 and returning to positive year-over-year growth in September.
Truecaller reports a strong sequential recovery in Q3 2026, with net revenue rising 18% compared to the second quarter. While annual net revenue saw a marginal 1% decline to 464 MSEK, the company achieved 3% growth in constant currency, driven by a 32% surge in subscription revenue and a rebound in its business segment.
Growth was driven by a strong recovery across all revenue streams, specifically a 32% increase in subscription revenue and a 15% sequential increase in Truecaller for Business revenue.
User growth was dampened by a 20-22% global decline in smartphone shipments and reduced pre-installations by OEMs, particularly affecting price-sensitive markets like India and Nigeria.