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Proactive UK has moved.
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Tech

Trustpilot upgrades full-year forecasts as revenues jump 31% in half year

Revenues are expected to climb by a third over the course of 2021

Trustpilot Group PLC (LSE:TRST) upgraded forecasts for the full year after posting a solid half-year performance.

The customer reviews website, which floated in London in March, said revenue will climb by a third against previous expectations of an 18-19% jump.

The bookings performance in the first half reflected post-pandemic pent-up demand, so bookings in the second half will face a tougher comparison and the rate of growth in the period is likely to be a little lower than in the previous six months.

In the six months to 30 June, revenue grew 31% to US$62mln, with bookings up 28%.

Adjusted underlying loss ballooned to US$11mln from US$2mln in 2020, mostly due to one-off costs related to the March IPO.

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