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Trustpilot's underlying business is still growing quickly, with revenue up 23%, bookings up 22% and adjusted EBITDA climbing 46% in the first half. But investors instead focused on a surprise statutory loss, several one-off charges and management's decision to leave full-year guidance unchanged after a huge run in the shares.
Trustpilot shares fell as much as 20% after the online review platform reported strong first-half growth but delivered a messier bottom line than investors had expected.
Revenue increased 23% to $151.4 million in the six months to June, equivalent to 19% growth at constant currencies, while bookings rose 22% to $171.2 million.
Adjusted EBITDA climbed 46% to a record $26.3 million and the margin expanded to 17.4%, although the profit figure came in slightly below the $27 million company-compiled consensus.
#ebitda #bookings #investors
Trustpilot's underlying business is still growing quickly, with revenue up 23%, bookings up 22% and adjusted EBITDA climbing 46% in the first half. But investors instead focused on a surprise statutory loss, several one-off charges and management's decision to leave full-year guidance unchanged after a huge run in the shares.
Trustpilot shares fell as much as 20% after the online review platform reported strong first-half growth but delivered a messier bottom line than investors had expected.
Revenue increased 23% to $151.4 million in the six months to June, equivalent to 19% growth at constant currencies, while bookings rose 22% to $171.2 million.
Adjusted EBITDA climbed 46% to a record $26.3 million and the margin expanded to 17.4%, although the profit figure came in slightly below the $27 million company-compiled consensus.
#ebitda #bookings #investors
3 hours ago
