UK’s Trustpilot expects 20% annual revenue jump on higher bookings

Jan 13 (Reuters) – Global online review platform Trustpilot forecast 20% growth ​in revenue and profit ahead of ‌expectations for 2025 on Tuesday, helped by ‌double-digit growth in bookings in all its markets.

The company said it expects full-year revenue to rise to $261 million, helped ⁠by an ‌18% surge in total bookings for the period. Core earnings ‍are expected to beat a company-compiled consensus estimate of $36 million to $39 million.

Last month, short ​seller Grizzly Research disclosed a ‌short position in Trustpilot and accused it of creating fake profiles that gave negative reviews, and then pressuring companies to pay for subscriptions. Trustpilot rejected ⁠the allegations.

Trustpilot also said ​on Tuesday the ​firm would respond to a draft “statement of objections” it received from ‍the Italian ⁠competition authority for allegedly breaching its consumer code, but does not ⁠expect that to affect the group’s operations.

(Reporting ‌by Shashwat Awasthi in Bengaluru; Editing ‌by Rashmi Aich)