Trustpilot Group plc
TRST
ISIN GB00BNK9TP58 / Valor 110433681
Trustpilot Group plc
UMushroom community rating:
About company
Trustpilot Group plc, established in 2007 and headquartered in Copenhagen, operates as a global, independent digital platform designed to bridge the gap between businesses and consumers through the promotion of trust and collaboration. The company offers a platform that is accessible to all, aiming to enhance transparency in the marketplace by allowing consumers to share their experiences and feedback on services or products. With additional offices in key cities including London, New York, Denver, Berlin, Melbourne, Edinburgh, Milan, and Amsterdam, Trustpilot has positioned itself as a significant player in the online review industry. Its services facilitate an environment where businesses can engage with customer feedback to improve their offerings, while consumers can make informed decisions based on the experiences of others. By focusing on creating a universal symbol of trust, Trustpilot underscores the importance of open and honest communication in the digital age.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (13.06.2024):
Revenue Growth
In the fiscal year ended December 31, 2023, Trustpilot Group plc reported a significant increase in revenue, amounting to $176.4 million. This represents an 18% growth year-over-year (YoY) from the previous year's $149 million, with a constant currency growth rate of 17%. This growth underscores Trustpilot's expanding market influence and operational success.
Profitability Improvement
Trustpilot Group plc demonstrated a notable turnaround in profitability in 2023, achieving an adjusted EBITDA of $16 million, a substantial improvement from a $4 million loss in 2022. Additionally, the company reported a profit after tax of $7.1 million, reversing the previous year's loss of $15 million, highlighting effective cost management and operational efficiency.
Annual Recurring Revenue
The company's focus on sustainable growth is evident from its annual recurring revenue (ARR), which rose by 22% YoY to $197.3 million in 2023, up from $162 million in 2022. This increase, achieved both in constant currency and reported terms, reflects strong customer retention and acquisition strategies.
Cash Flow and Capital Management
Trustpilot Group plc also reported a positive adjusted free cash flow of $14 million for 2023, a significant improvement compared to a $13 million outflow in 2022. The company ended the year with a robust net cash position of $91 million, up from $73 million in the previous year, demonstrating strong liquidity and disciplined capital allocation.
Strategic Outlook and Dividends
Looking ahead, Trustpilot Group plc remains optimistic about its future performance, expecting to continue delivering mid-teens constant currency revenue growth. The company has also initiated a share buyback program of approximately $25 million, reflecting confidence in its financial health and commitment to delivering shareholder value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1220 M
Market cap (USD)
922,146
Daily traded volume (Shares)
2.3 / 2.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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