Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, has reported growth in net sales of 13% combined with an adjusted EBITDA margin of 30.6% in the fourth quarter of 2022.
Q4 2022 impact on the Indian market:
- While the company is growing fast in Africa and South America, India, the company’s largest market still showcases the strongest growth in absolute numbers.
- Truecaller currently stands as one of the most loved apps in India in 2022, and stands as the second most used app in India in the 18-24 age group.
- In 2022, Truecaller attained a Net Promoter Score of 52 (48), showcasing an all-time high for the app.
- Truecaller witnessed a 11% sales growth in India owing to all three revenue streams – Truecaller for Business, Premium subscriptions and Ads
- The app witnessed a 68 % sales growth in Indian markets in January – December 2022 as compared to the sales growth experienced in January – December 2021.
- In 2022, Truecaller launched a new and improved app for iOs, whick quickly increased daily active users on the platform to new record levels. In Q4, Truecaller experienced an 80% increase in active users since the app’s launch in August 2022.
- In spite of global economic uncertainties, Truecaller aims to build a world class product for its users and business customers, and deliver good profitability.
