11th Jul 2024 15:21
Trustpilot Group PLC - Copenhagen-based consumer reviews platform - Expects to report increase in first-half revenue and bookings. Says revenue up 18% to USD100 million from USD95 million a year prior. Bookings improve 20% to USD118 million from USD98 million. At constant currency, UK bookings improve 19%, bookings in Europe & the Rest of the World division by 16%, and in North America by 23%.
"We are pleased to report strong growth across the business in the first half of the year. This was combined with significant strategic and operational progress, and a clear focus on helping our business customers to build trust, grow and improve. In April we released new product features that provide businesses with AI driven insights into customer behaviour and market dynamics, and we are encouraged by the feedback we have received so far," Chief Executive Officer Adrian Blair says, "As we look ahead, we remain confident in the significant growth opportunities available to us in our focus markets of the UK, US, Germany and Italy, and beyond."
Trustpilot reports half-year results on September 11.
Current stock price: 215.00, down 8.7% on Thursday
12-month change: more than tripled from 66.15p
By Eric Cunha, Alliance News news editor
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.