15th Jul 2025 10:12
(Alliance News) - Trustpilot Group PLC on Tuesday said it was "pleased" by its performance in the first half of 2025, and raised its annual outlook in response.
The Copenhagen-based consumer review platform upped its full-year target for an adjusted earnings before interest, tax, depreciation and amortisation margin of 14%. By comparison, the previous target was 11.3%, and in 2024, Trustpilot's adjusted Ebitda margin was 9.3%.
Trustpilot shares jumped 12% to 282.60 in London following the Tuesday morning announcement.
This comes as the firm expects to post revenue of USD123 million for the six months that ended June 30, up 23% from USD100 million a year before.
Bookings were estimated to be 19% higher at USD140 million, compared to USD118 million in the first half of 2024, while annual recurring revenue is estimated at USD273 million, up 29% from USD211 million.
Trustpilot said it had USD67 million in net cash on June 30, down slightly from USD69 million a year before. This reflected share buybacks, which were extended in March after a swing to profit in 2024.
"The broad nature of our SaaS business model continues to prove its resilience, enabling us to deliver good growth and retention, particularly in the enterprise segment, combined with strong cash generation and operating leverage. We are pleased with our first half performance and as we continue to annualise the package migration which benefited last year's bookings," commented Chief Executive Adrian Blair.
By Holly Munks, Alliance News reporter
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