Truecaller AB (publ)

Hello, everyone, and welcome to our year-end webcast. I'm Rishi Jhunjhunwala, CEO of Truecaller since January this year, and I look forward to present our report along with Aude, our CFO. We'll start with the overall highlights from the quarter and then walk you through the financial performance. We will then cover product highlights, and then we'll open up for questions as well.

So let's get started. highlights of the quarter. We closed Q4 with an average of 429 million monthly active users which is an increase 15%. Our average daily active users grew 16% to This therefore takes us to a record high doubt amount ratio of 83%. Our net sales for the quarter stood at 523 million cents. At 23% increase year over year, all three of our revenue streams contributed to this growth. And the relative growth rate for ads and premium revenues increased from the third quarter while true call of a business continued to show good growth EBITDA increased by 19% to $201 million this growth is despite higher growth related investors as well as higher incentive costs due to a higher share price. Net profit and earnings per share grew even stronger with approximately 30% year on year.

We're really proud that we continue to operate profitably. We have a solid cash flow with 228 million SEC in net cash from operating activities before tax payments. In terms of user growth, we continue to grow very well. We crossed 400 million users on Android, and the growth numbers for 2024 are at an all-time high, with good growth from all regions. Our biggest income stream advertising continued to show growth as well. We saw stronger market development in several countries such as Middle Eastern regions, the African markets, and so on. The recurrence of ad revenue growth during the second half of 2024 was driven by a combination of user growth, users engaging more with the product, improved demand, as well as optimization of our inventory. Our enterprise offering TrueCall for Business continues to develop well. Growth is mainly driven by strong performance both in our verified business consumer experience platform as well as business messaging. Growth for consumer subscriptions accelerated with strong development in all regions and both on iOS as well as Android. The growth of our subscriber base continues to outpace