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Onsdag 28 Oktober | 19:01:48 Europe / Stockholm

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Redeye

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Truecaller - Muted 2024 creates long-term opportunities

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Truecaller - Muted 2024 creates long-term opportunities

2024-02-21 08:20:00

Redeye states that while the Q4 report was in line with expectations, ad prices remains muted and with no improvements in sight, we have revised our estimates downwards. Although adload continues to offset the lower prices, we do not expect it to fully compensate in the coming quarters. Nevertheless, Redeye still sees a high cash conversion company to an attractiv multiple.

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