Denmark's Trustpilot H1 revenue rises 19% on enterprise, US growth
Denmark's Trustpilot H1 revenue rises 19% on enterprise, US growth
Overview
Denmark-based customer feedback platform's H1 revenue rose 19% yr/yr at constant currency
H1 bookings grew 18% at constant currency, led by enterprise and US momentum
Company executed $42.5 mln in share buybacks and EBT purchases, reducing net cash
Outlook
Trustpilot expects full-year constant currency revenue growth in the high-teens percentage range
Company sees full-year adjusted EBITDA margin improving by 2-3 percentage points year-on-year
Company says AI is a significant tailwind for customer growth, especially in Enterprise
Result Drivers
ENTERPRISE & US MOMENTUM - Bookings growth was driven by strong performance in enterprise accounts and North America
AI-RELATED DEMAND - Growth in enterprise ARR was driven by demand for AI Answer Engine Optimisation, with AI cited as a tailwind for customer growth
Company press release: ID:nRSP5302Ma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $151 mln |
|
H1 Annual Recurring Revenue |
| $313 mln |
|
H1 Bookings |
| $171 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Trustpilot Group PLC is GBp330.00, about 13.5% above its July 15 closing price of GBp290.80
The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 36 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)