Business-review website beats market expectations and launches buyback

  • Trustpilot expects 2023 core earnings to beat market views
  • Launches GBP20 million share buyback
  • 17% increase in total revenue for 2023
  • 18% increase in annual recurring revenue
  • 16% increase in total bookings for the year
  • Adjusted EBITDA expected to exceed market expectations
  • Confident in ability to improve margins over the long term

Trustpilot, the business-review website, has announced that it expects its core earnings for 2023 to surpass market views. The company has achieved double-digit growth in revenue, with a 17% increase in total revenue for the year. Additionally, Trustpilot has launched a GBP20 million share buyback. Annual recurring revenue is projected to be up 18% to $197 million, while total bookings are expected to have increased by 16% to $195 million. The company’s adjusted EBITDA is anticipated to exceed market expectations, and Trustpilot remains confident in its ability to improve margins over the long term.

Public Companies: Trustpilot (N/A)
Private Companies:
Key People: Adrian Blair (Chief Executive)

Factuality Level: 8
Justification: The article provides specific information about Trustpilot’s expected core earnings, revenue growth, share buyback, total revenue, annual recurring revenue, total bookings, and adjusted earnings. The information is presented in a straightforward manner without any obvious bias or opinion. However, without additional sources or verification, it is difficult to confirm the accuracy of the information provided.

Noise Level: 7
Justification: The article provides some information about Trustpilot’s expected core earnings for 2023, revenue growth, and a share buyback. However, it lacks context and analysis on the factors driving this growth, the competitive landscape, and potential risks. The article also does not provide any evidence or data to support the claims made by Trustpilot. Overall, it is a relatively short and superficial piece that lacks depth and critical analysis.

Financial Relevance: Yes
Financial Markets Impacted: Trustpilot’s positive financial performance may impact its stock price and investor sentiment.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses Trustpilot’s financial performance and expectations, indicating its relevance to financial topics. There is no mention of an extreme event.

Reported publicly: www.marketwatch.com