Truecaller posts strong H1 FY25 growth, crosses 3 million paying users

Truecaller has reported another solid set of numbers for the first half of FY2025, with strong revenue growth, expanding margins, and significant user milestones across both India and global markets.

For the January–June 2025 period, the communications platform clocked net sales of USD 99.33 million, up 12 percent year-on-year. In constant currencies, the increase was 20 percent, driven by growth across all revenue streams. Profit after tax stood at USD 11.8 million.

The company also showed steady margin expansion. EBITDA excluding incentive program costs rose 21 percent to USD 41.02 million, pushing margins up to 41.3 percent from 38.4 percent. Even with incentive costs factored in, EBITDA rose 2 percent, translating to a margin of 32.4 percent.

India remains a major growth engine. Net sales in the market rose 9 percent year-on-year in H1, while Q2 saw 5 percent growth. The Middle East and Africa led regional gains with a 25 percent increase in H1 sales, followed by an 18 percent rise in the rest of the world.

Truecaller also continued expanding its user base. Monthly active users (MAUs) rose by 15 million over H1 to reach 426.6 million, with 55.3 million added in Q2 alone. Paying subscribers surpassed 3 million, with over 1 million now on iOS—a key platform for monetisation and premium adoption.

Q2 results reinforced the trend. Net sales grew 9 percent to USD 49.64 million, with a sharp 20 percent jump in EBITDA (excluding incentives), reaching USD 21.16 million. Margins here improved to 42.6 percent from 38.8 percent.

Despite macro headwinds in the ad market, Truecaller’s consistent growth points to strong product relevance and steady platform monetisation. The company has been investing in AI-led spam prevention, enterprise caller ID, and deeper integrations with iOS and Android ecosystems.

Truecaller remains listed on the Nasdaq Stockholm and operates out of Sweden, but India continues to anchor both its user and revenue base. The company says it identified and blocked nearly 56 billion unwanted calls in 2024 alone, underlining its centrality to daily communication in markets like India.

With over 450 million active users globally and rising paying subscriber adoption, Truecaller appears to be transitioning from a utility app to a platform with credible monetisation and retention strategies—particularly in emerging markets where trust and identity in communication remain critical.