Truecaller: Strong earnings growth ahead driven by Premium adoption - Redeye

Redeye states that with improved growth rates for recurring revenues, Truecaller is quickly becoming more predictable and stable financially. Redeye believes the opening of iOS, which will enable Caller ID, combined with the recent fraud-insurance offering will further spur growth in Subscriptions. However, Ads remain under pressure albeit with good potential to bounce back significantly as the advertising market strengthens together with the launch of video ads. Also, with much easier comps ahead, Redeye anticipates a period of strong earnings growth. Redeye slightly raises its fair value range.

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