Shares of Trustpilot Group Plc (TRST.L) are up 7.9 percent on Tuesday's trading after the company said that its adjusted EBITDA is projected to be ahead of current market expectations.
On the LSE, TRST.L is up 7.9 percent on Tuesday's trading at 203.01 pence.
The company added that it expects to report bookings worth $291 million in fiscal 2025, up 22 percent from last year's $239 million bookings. On a constant currency basis, the growth is projected to be 18 percent.
The Danish online consumer review platform said that annual revenue is projected to be $261 million, a 24 percent increase from $211 million a year ago. On a constant currency basis, the growth is expected to be 20 percent.
Annual recurring revenue or ARR grew 28 percent to $296 million from $231 million, up 19 percent on a constant currency basis.
According to Trustpilot Group, UK bookings are forecast at $116 million, up 16 percent at constant currency from $97 million in fiscal 2024. Bookings in Europe and the rest of the world are expected to reach $113 million, an increase of 20% at constant currency from last year's $90 million.
The company said that given its strong cash position, the Board plans to extend its existing share buyback programme by up to 10 million pounds or around $13 million.
Trustpilot Group said that it will release its full year 2025 results on March 17.
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