India contributed 75.5% of Truecaller’s total revenue of $37.49 Mn during the first quarter of 2023
With 24.9 Cr users, India accounted for more than 72% of Truecaller’s total monthly active users in Q1 CY23
The company saw a decline in its adtech revenue during the quarter, which it attributed to the late commencement of the IPL this year and lower demand
India continued to dominate caller identification platform Truecaller’s quarterly numbers as the country accounted for more than 75% of its revenue in the first quarter (Q1) of 2023.
Net sales in India declined 1% to SEK (Swedish Kronor) 292.2 Mn ($28.3 Mn) in the quarter ended March 2023 from SEK 296.6 Mn ($28.72 Mn) in the year-ago period. Overall, revenue from India accounted for 75.5% of the Swedish company’s total revenue of SEK 387.1 Mn ($37.49 Mn) in Q1 CY23.