Q1 2023 Truecaller AB Earnings Call Transcript
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Welcome, everyone. I'm Alan Mamedi, and I'm the CEO and Co-Founder of Truecaller. And with me, I have our CFO, Odd Bolin. We're happy to announce our interim report for the first quarter of 2023. We will start with presenting financial and business highlights, then go into some developments on the product side from the quarter. Odd will then walk you through our financial performance in more detail. Then we will wrap up and open up for questions. So let's get started with the highlights of the quarter.
I'm pleased to report that our user base continues to grow during the quarter. We closed Q1 with an average of 344 million monthly active users, and an increase of 11%. Average daily active users grew to 278 million and an increase of 12%. This brings us to an all-time high DAU to MAU ratio of 81% on a daily basis has grown. We closed the quarter at SEK 387 million in net sales, a 3% decrease compared to the same quarter in 2022. As we mentioned in the previous quarter, our
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