STOCKHOLM, May 7, 2024 /PRNewswire/ -- Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to report an increase in net sales with 10% to SEK 427.2 million (387.1) and earning per share increased with 27 per cent to SEK 0.38 (0.30). EBITDA increased with 1% to SEK 151,0 million (150,0) and the EBITDA margin was 35.4% (38.8%) in the first quarter. "Truecaller continued to grow strongly in the first quarter. We added more than nine million monthly and daily active users, and on average the number of monthly users was 383 million. Conversion of paying users continued to increase, and with the launch of more advanced premium features, the average revenue per subscriber reached a new record level. Net sales increased by 10 percent compared to the first quarter of 2023 to SEK 427,2 million (387,1). Ads, subscription and business revenue all contributed to the increase. Our recurring revenue, from subscriptions and business, grew in total by 33 percent. Our profit also improved. Earnings per share increased by 27 percent to SEK 0.38 (0.30). EBITDA increased by 1 percent to SEK 151,0 million (150,0) and the EBITDA margin was 35.4 percent (38.8). We have seen positive results from our increased growth investments in selected markets. The investments in Nigeria and Latin America are designed to strengthen our market position and accelerate user growth. In the U.S., the strategy is mainly to grow the number of paying users. In Nigeria, Colombia and Chile, annualized user growth in the quarter amounted to between 30 and 50 percent, and in the U.S., subscription revenue rose by more than 60 percent. Average revenue per paying user in the U.S. is currently 100 times higher than the average for a free user of Truecaller globally. The need for Truecaller globally is greater than ever. I am proud to say ...