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Trustpilot hails ‘strong’ first half amid profit surge; starts buyback

ALN

Trustpilot Group PLC on Tuesday said it was confident in delivering sustainable growth in line with its mid-teens guidance, as it reported a surge in interim profit.

The Copenhagen-based consumer review platform said pretax profit jumped 45% to $3.7 million in the first half of 2025 from $2.6 million a year prior.

Adjusted earnings before interest, tax, depreciation and amortisation surged 70% to $18.0 million from $10.6 million, while the adjusted Ebitda margin improved to 14.6% from 10.6%.

Revenue climbed 23% to $122.8 million from $99.8 million.

The company said Trustpilot feedback was increasingly important to generative engine optimisation for companies, with ChatGPT citations up 246% since June. Further, Gemini AI overviews featuring Trustpilot drove an 80% on-year increase in search impressions, Trustpilot added.

Bookings increased 19% to $140.0 million from $117.5 million.

Cash as at June 30 fell 11% to $67.0 million from $75.6 million.

The company announced a new share buyback programme of up to £30 million, starting immediately.

It added it had so far returned a surplus capital to shareholders of around £60 million during 2024 and up to September 5, 2025.

Chief Executive Officer Adrian Blair said: ‘Following a strong first half and given that trading since the period end has been in line with our expectations, we maintain our outlook for high-teens constant currency revenue growth for the full year and now expect the adjusted Ebitda margin to be in line with H1, ahead of expectations. We remain confident in delivering sustainable growth in line with our mid-teens guidance and operating leverage over the long term given the significant market opportunity.’

Trustpilot shares rose 7.4% to 215.40 pence each on Tuesday morning in London.

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