Truecaller Q2’24: Beating estimates – particular strength in recurring revenues - Redeye

Redeye thinks the Q2 report was slightly better than expected - being in line with consensus estimates on sales but beating estimates on adj. EBITDA by 5%. The key highlight, in Redeye's view, is the impressive growth in Subscriptions (+29% y/y and 3% above consensus estimates). The advertising market in India was unchanged in Q2. Redeye will likely raise its estimates somewhat for recurring revenues and make a small upward revision of its fair value range. Redeye expect the shares to trade up in today's market.

Länk till analysen i sin helhet: https://www.redeye.se/research/1023949/truecaller-q224-beating-estimates-particular-strength-in-recurring-revenues?utm_source=finwire&utm_medium=RSS