Trustpilot Group Earnings Call Transcripts
Fiscal Year 2025
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Bookings grew 18% and Adjusted EBITDA rose 69% in 2025, driven by AI-powered growth and enterprise focus. Upgraded guidance targets 25% Adjusted EBITDA margin by 2028 and 30% by 2030, with strong cash generation and continued buybacks.
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Record bookings and margin expansion in H1 2025 were driven by enterprise growth, product innovation, and AI efficiencies. Strong cash generation enabled a new GBP 30 million buyback, with guidance reaffirmed for high-teens revenue growth and stable margins.
Fiscal Year 2024
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Delivered 21% bookings growth and a record 103% net dollar retention in 2024, with strong gains in all focus markets and a 55% increase in adjusted EBITDA. Product innovation, customer migration to new plans, and robust operating leverage drove profitability and future growth.
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Bookings grew 19% in constant currency, with strong performance in the U.K., U.S., Germany, and Italy. Adjusted EBITDA margin rose to 10.6%, and net dollar retention reached a record 101%. Full-year adjusted EBITDA is expected at the top end of guidance.