Truecaller, a Sweden-based caller ID company, is cutting jobs after revenue and profit fell.
The firm will reduce around 70 roles, which equals 15% of its workforce.
This move follows weak Q1 2026 results as financial performance dropped across markets.
Revenue pressure came mainly from falling advertising income and weaker partner performance.
The company also pointed to India gaming disruption and Middle East instability.
Truecaller Revenue Decline And Ad Pressure
Net sales fell 27% year-on-year to 362 million Swedish krona, about $39.3 million.
India revenue dropped sharply by 41% during the same period.
Advertising income also fell 44%, weakening overall platform monetisation.
Market Challenges And Competition
CEO Rishit Jhunjhunwala said IPL gaming ads boosted last year’s results.
However, Middle East conditions reduced regional advertising revenue further.
India’s stricter gaming rules reduced a major digital advertising source.
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Platforms like Dream11 and MPL cut advertising spending significantly.
Algorithm changes from a key partner also reduced monetisation efficiency.
At the same time, competition increased from telecom caller ID services such as CNAP, which lets operators display caller names directly on networks.
User Growth And Strategic Shift
Truecaller also recorded a five per cent drop in app downloads.
Despite these challenges, the company surpassed 500 million global active users.
Subscription revenue rose 27% and now contributes 31% of total sales.
Truecaller expanded paid features like AI Assistant and Family Protection.
The company now aims to reduce dependence on advertising revenue over time.
