Trustpilot Group (TRST) H1 2025 TU earnings summary
Event summary combining transcript, slides, and related documents.
H1 2025 TU earnings summary
15 Jul, 2025Executive summary
Bookings for H1 2025 reached $140m, up 19% year-over-year, with strong growth across all regions.
Annual recurring revenue increased 29% year-over-year to $273m.
Revenue for H1 2025 expected at $123m, a 23% increase compared to H1 2024.
Upgraded full year 2025 adjusted EBITDA margin guidance to 14%.
Strong cash generation with period-end net cash of $67m after $23m in share buybacks.
Financial highlights
Bookings up 19% year-over-year (17% at constant currency), with UK +15%, Europe & ROW +19%, North America +18%.
LTM net dollar retention rate at 103%, consistent with December 2024.
Revenue growth of 21% at constant currency for H1 2025.
Net cash at period end was $67m, down slightly from $69m at FY 2024.
Outlook and guidance
Full year 2025 adjusted EBITDA margin guidance raised to 14%.
Management confident in significant growth opportunities in focus markets and beyond.
Latest events from Trustpilot Group
- Bookings up 18%, adjusted EBITDA up 69%, and margin targets raised to 30% by 2030.TRST
H2 202517 Mar 2026 - Bookings up 19%, adjusted EBITDA margin at 10.6%, and net profit reached $7.7M.TRSTH1 202421 Jan 2026
- Bookings and revenue surged, EBITDA beat expectations, and share buybacks expanded.TRSTQ4 2025 TU13 Jan 2026
- Bookings up 21%, net dollar retention at 103%, and adjusted EBITDA up 55% in 2024.TRSTH2 202424 Dec 2025
- Revenue up 23%, adjusted EBITDA up 70%, and new $40M buyback announced.TRSTH1 202520 Dec 2025
- Bookings and revenue surged, with robust growth and improved retention across key markets.TRSTTrading Update13 Jun 2025
- Trustpilot achieved 21% bookings growth and expects EBITDA above consensus for FY24.TRSTTrading Update9 Jun 2025