Trustpilot Group PLC (LON:TRST) has reported a strong jump in revenue for its first half as the consumer review website said its business had seen a “re-acceleration” following the impact of the pandemic.
In a trading update for the six months to June 30, the FTSE 250 firm reported that its total revenue for the period was US$62mln, up 31% year-on-year, while annual recurring revenue (ARR) jumped 36% to US$134mln.
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The group also said the re-acceleration of its business had seen total bookings during the period increase by 37% to US$75mln.
Looking ahead, Trustpilot reiterated its guidance for “high-teens constant-currency revenues growth” for the full year, in line with bookings growth for its 2020 financial year.
"Trustpilot provides the 'trust layer' for the open commerce ecosystem, giving consumers the confidence to purchase goods and services online, while offering businesses the opportunity to establish trust and thrive. We are encouraged by the progress we have made in the first half of the year and the board remains confident in the strategy and outlook for the business", chief executive Peter Holten Mühlmann said in a statement.