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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 202611 Dec, 2026
Trustpilot Group
Next Trustpilot Group earnings date
H2 202611 Dec, 2026
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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