Saturday, 28 October 2023

Truecaller drops 32% on lower revenue

by Rose White

Shares of Truecaller dropped to as low as 35% before recovering slightly to 32% Friday after the Switzerland-headquartered firm, known for its eponymous caller ID app, reported lower than estimated revenue. Truecaller, listed in Stockholm, reported a revenue of SEK 399 million ($35.88 million) for the quarter ending September, an 11% year-on-year decline. JP Morgan […]

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