Interim report January-June 2024 STOCKHOLM, July 19, 2024 /PRNewswire/ -- Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, report a decrease in net sales with 12% to SEK 455.9 million (518.4). EBITDA decreased to SEK 164,7 million (238,5) and the EBITDA margin was 36.1% (46.0%). Net sales increased excluding effects of lower ads income related to Indian Premier league (IPL) and the timing of IPL. Extract from the CEO Word: "During the second quarter, user growth was the highest in absolute number since 2018 as we added 14 million monthly active users and surpassed 400 million users globally. The conversion to paying subscribers continued to increase. Our strategy to diversify our revenue remained successful. The growth in revenues both from subscriptions and our business offerings were in absolute numbers at an all-time-high and the growth for recurring revenues was 33 percent compared to Q2 last year and 13 percent compared to last quarter. During the quarter Apple announced that they will open up their ecosystem for 3rd party developers which means that Truecaller's live caller ID will be as good on the iPhone as on Android. This will become a huge opportunity for us to grow in a large market that we so far have not been able to reach in the same way and could be the biggest product improvement for Truecaller on iPhone since Truecaller was founded 15 years ago. Net sales decreased by 12 percent compared to the second quarter of 2023, amounting to SEK 456 million (518).This is however the third highest quarterly net sales ever but this time we had a tough comparison quarter. Our recurring revenues, subscription, and business revenues, increased by a total of 33 percent and compared to the first quarter, the increase was 13 percent. Our advertising revenue decreased by 22 percent compared to the corresponding period last year. Excluding effects related to the Indian Premier League in cricket (IPL), we estimate that advertising revenue would have decreased only marginally, by about three percent and that total net sales would have increased by about five percent.  EBITDA amounted to