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Momentum builds behind newly profitable Trustpilot

The stock continues its upward march amid growing user figures and a crackdown on fake reviews
March 19, 2024
  • Super-premium valuation
  • Cash inflow improvement

Just when you thought its shares couldn’t go higher, consumer review website Trustpilot (TRST) swung to a profit in the year ending 31 December. Adjusted Ebitda, the company’s preferred metric, came in ahead of the market’s expectations at $16mn (£12.6mn) – against a loss of $4mn in FY2022. 

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