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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Trustpilot Group
Trustpilot Group (TRST) investor relations material
Trustpilot Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary15 Sep, 2026
Executive summary
Bookings grew 18% in constant currency, with North America up 27% and adjusted EBITDA up 46% to $26.3 million, margin 17.4%.
Enterprise momentum strong: ARR from customers paying over $20,000/year up 35%, with notable wins and strong new business logos.
AI influence deepened: platform is the most cited review source globally, with ChatGPT citations up over 400% year-on-year.
Major product innovation and partnerships, including AI Search Analytics, enhanced Shopify integration, and new Product Review Pages.
Net loss of $1.1m due to higher tax charge and non-recurring items.
Financial highlights
Revenue reached $151.4 million, up 23% year-over-year, with gross margin at 83% (up 0.8pp YoY).
Adjusted EBITDA margin improved by 2.8pp to 17.4%, adjusted free cash flow at $16 million.
LTM net dollar retention rate at 101%, gross dollar retention at 87%.
Adjusted diluted EPS rose to 3.1 cents, up 44% year-on-year.
Cash and cash equivalents at $21.9m after $26m share buybacks.
Outlook and guidance
Guidance maintained for high teens constant currency revenue growth and 2–3pp adjusted EBITDA margin increase for FY26.
Long-term targets: 25% adjusted EBITDA margin by 2028, 30% by 2030.
Free cash flow margin expected to be slightly below adjusted EBITDA margin for the full year.
Confident in delivering sustainable growth and operating leverage long-term.
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Latest events from Trustpilot Group
- Strong bookings and revenue growth driven by Enterprise and AI momentum, with robust retention rates.TRST
H1 2026 TU - Bookings up 18%, adjusted EBITDA up 69%, and margin targets raised to 30% by 2030.TRSTH2 2025
- Bookings and revenue surged, EBITDA beat expectations, and share buybacks expanded.TRSTQ4 2025 TU
- Revenue up 23% and adjusted EBITDA up 70%, with strong cash flow and new $40M buyback.TRSTH1 2025
- Bookings, revenue, and ARR all saw double-digit growth, with margin guidance upgraded.TRSTH1 2025 TU
- Bookings up 19%, adjusted EBITDA margin at 10.6%, and net profit reached $7.7M.TRSTH1 2024
- Bookings and revenue surged, with robust growth and improved retention across key markets.TRSTTrading Update
- Trustpilot achieved 21% bookings growth and expects EBITDA above consensus for FY24.TRSTTrading Update
- Bookings up 21%, net dollar retention at 103%, and adjusted EBITDA up 55% in 2024.TRSTH2 2024
Next Trustpilot Group earnings date
H2 2026 TU12 Jan, 2027
Trustpilot Group
Next Trustpilot Group earnings date
H2 2026 TU12 Jan, 2027
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Frequently asked questions
Trustpilot Group plc is operates a leading feedback platform supporting both consumers and businesses. Today, Trustpilot has a global presence in over 190 countries, with businesses and customers using the platform to engage power users that contribute reviews on a regular basis. The core value of Trustpilot is to generate smarter buying decisions and recommendations, based on broader insights and more genuine data compared to other online rating platforms. The company was founded in 2007 and is headquartered in Copenhagen, Denmark.