PR Newswire
STOCKHOLM, Sept. 11, 2024 /PRNewswire/ -- The number of monthly active users (MAU) of the Truecaller app has increased by 40 million since the beginning of the year, bringing the total number of MAUs to over 417 million. The absolute growth in users has thus increased by nearly 50 percent compared to the same period last year when the number of MAUs increased by 27 million.
"The trend from the second quarter, with strong user growth, continues, but we have still only reached a small portion of our total addressable market. We are solving a globally growing problem with increased fraud and spam on phones, and we continue to grow in many different parts of the world. Growth is occurring on both Android and iOS. The number of users on iOS has grown significantly in recent years, but the opportunities for accelerated revenue growth from iOS users are expected to increase considerably after the launch of iOS 18. The update to the operating system will allow us to offer a call identification and spam blocking service on iPhones, on par with what we currently have on Android phones, and we expect it to be available during the fourth quarter of 2024," says Alan Mamedi, CEO and co-founder of Truecaller.
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