Redeye provides an update following Truecaller’s Q3 2025 report, which came in below expectations due to headwinds in the Ads segment. While recurring revenues and user growth remain strong, near-term pressure on Ads persists. Redeye has revised its estimates and valuation, reflecting these developments, though underlying momentum and progress on revenue diversification support the company’s long-term growth case.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/