REG - Trustpilot Group PLC - Trading Statement - upgrading FY margin guidance

TrustpilotAnnouncement

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RNS Number : 9948Q  Trustpilot Group PLC  15 July 2025

Trustpilot Group plc

Trading update for the six months ended 30 June 2025

15 July 2025

 

Strong cash generation; upgrading full year margin guidance

 

 $m                                 H1 25     H1 24      Expected change %
                                    expected  unaudited  YoY        cc
 Bookings(1)                        140       118        19%        17%
 Annual recurring revenue (ARR)(2)  273       211        29%        21%
 Revenue                            123       100        23%        21%

1. The annual contract value of contracts signed in a given period translated
at monthly average rates.

2. Annual recurring revenue is defined as the annual value of subscription
contracts measured on the final day of a reporting period.

 

●    We expect to report first half bookings of $140m (H1 24: $118m), up
19% year on year and 17% at constant currency (cc):

○    UK bookings +15% cc;

○    Europe & ROW bookings +19% cc;

○    North America bookings +18% cc;

●    Last Twelve Month (LTM) net dollar retention rate of 103% in line
with December 2024 LTM;

●    Expected H1 25 revenue growth of 21% cc;

●    Strong cash generation, with period end net cash of $67m (FY 24:
$69m) after executing $23m (£18m) in share buybacks in H1 25 and benefiting
from FX tailwinds;

●     Upgrading full year 2025 adjusted EBITDA margin guidance to 14%.

 

 

Adrian Blair, CEO of Trustpilot said:

"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, we now
expect full year adjusted EBITDA margin to be 14%. We remain confident in the
significant growth opportunities ahead in our focus markets and beyond."

 

 

Notice of results

The Group will report results for the six months ended 30 June 2025 on 16
September 2025. A hybrid analyst and investor meeting will be held on the day
at 9.00am BST at the London Stock Exchange or via
https://sparklive.lseg.com/TRUSTPILOTGROUP/events/54002f01-18bf-45e9-ab6d-e7503c873000/trustpilot-half-year-2025-results-call.
(https://www.lsegissuerservices.com/spark/TRUSTPILOTGROUP/events/6b29384a-82e0-4b8c-b111-eefcd043861e)

 

Please contact us if you would like to attend in person.

Audit tender

The Company is commencing a competitive tender process for the role of its
external auditor for the financial year ending 31 December 2026 and onwards.
The process will be overseen by the Group's Audit & Risk Committee and is
expected to conclude in Q4 2025. The decision to tender the external audit at
this juncture is driven by the upcoming rotation of the current audit partner
and is in line with the company's commitment to strong corporate governance.
The Group's current auditor has been in place within the Group since its
appointment in 2018.

A further announcement confirming the outcome of the tender process will be
made following the selection of the preferred firm by the Trustpilot Group plc
Board.

Contacts

 Trustpilot Group plc                        Headland Consultancy

 Louise Bryant, Head of Investor Relations   Stephen Malthouse / Rob Walker / Charlie Pepper

 investor.relations@trustpilot.com           trustpilot@headlandconsultancy.com

 +44 (0) 7813 210 809                        Tel: +44 (0) 20 3805 4822

 

About Trustpilot

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant
today than ever - to be the universal symbol of trust, bringing consumers and
businesses together through reviews. Trustpilot is open, independent, and
impartial - we help consumers make the right choices and businesses to build
trust, grow and improve.

 

Today, we have more than 300 million reviews and 64 million monthly active
users across the globe, with 140 billion annual Trustpilot brand impressions,
and the numbers keep growing. We have more than 980 employees and we're
headquartered in Copenhagen, with operations in Amsterdam, Denver, Edinburgh,
Hamburg, London, Melbourne, Milan and New York.

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