Trustpilot Group PLC released a trading statement, highlighting strong financial performance and upgrading its full-year margin guidance. The company expects to report bookings of $140 million for the first half of 2025, representing a 19% year-over-year increase. Annual recurring revenue (ARR) has also increased by 29% since last year. The Last Twelve Month (LTM) net dollar retention rate remains stable at 103%. Strong cash generation is reflected in a period-end net cash position of $67 million. The company has upgraded its full-year 2025 adjusted EBITDA margin guidance to 14%, up from the previous guidance. The broad SaaS business model is credited for its resilience, enabling good growth and retention. The company remains confident in its growth opportunities in existing and new markets. The trading statement also includes a notice of results, with the Group set to report its financial performance for the first half of 2025 on September 16, 2025. Additionally, Trustpilot Group plc is commencing a competitive tender process for the selection of its external auditor for the financial year 2026 and beyond, with a further announcement expected after the selection.
Here is an HTML table comparing the financials and debt year-on-year for Trustpilot Group PLC as of July 15, 2025:
| Metric | H1 25 | H1 24 | Expected change % | cc |
|---|
| Bookings | $140m | $118m | 19% | 17% |
| Annual recurring revenue (ARR) | $273m | $211m | 29% | 21% |
| Revenue | $123m | $100m | 23% | 21% |
| Net Cash | $67m | $69m | N/A | N/A |
| Share Buybacks (H1 25) | $23m (ยฃ18m) | N/A | N/A | N/A |
Please note that this table reflects the information provided in the text and is current as of the date of the announcement (July 15, 2025). The table includes metrics such as bookings, annual recurring revenue (ARR), revenue, net cash, and share buybacks for the first half of 2025 (H1 25) and the first half of 2024 (H1 24), along with the expected percentage change and constant currency (cc) figures.