Trustpilot is experiencing high fiscal growth with the projected 20% growth in the revenue expected in 2025 thus beating market projections.
The London-traded review firm has predicted annual revenue of $261 million, supported by booking of $291 million a 22% increase over the previous year, or a 18% increase on constant currency. This two-digit growth indicates strong sales of its high-quality analytical products in a trust-based digital market.
Bookings Boom by Region
All regions performed well, according to the online review site, with North America exhibiting the most growth at 21% in constant currency, followed by Europe & the Rest of the World at 20% and the UK at 16%.
While sales increased to $261 million, a 24% increase or 20% at constant currency, annual recurring revenue reached $296 million, up 28% year over year or 19% at constant currency. The company-compiled analyst consensus originally estimated an adjusted EBITDA of $37 million with a 14.6% margin.
The company has ended the year with $48 million in cash and after repurchases of $72 million in buybacks. In 2025, according to CEO Adrian Blair, who also noted that the business is well-positioned for 2026 because of product innovation and increased retention.
Excellent strategic and financial progress.
Sailing with Headwinds Smartly
Grizzly Research LLC, a short seller, accused Trustpilot of "mafia-style extortion campaigns against non-paying businesses" and a "concerning pattern of apparently falsified reviews" near the end of 2025, which caused shares of the company to plummet.
Trustpilot announced on Tuesday that it has added new AI-powered fraud detection technology
as we continuously improve our enforcement and removed 7.8 million fake reviews.
Future outlook
In 2026, it is predicted that there will be a low amount of revenue growth in the mid-teens, further developments in artificial intelligence, and possible expansion of share buyback programs, which will cement Trustpilot at the core of a new market competition of review platforms.
The announcement increased share prices as it showed the investor confidence in the profitability trend of the company.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, tax, or legal advice. Market data, tax rules, and prices can change after the article date. TECHi and its authors may hold positions in securities or digital assets mentioned. Always conduct your own research and consult a licensed financial, tax, or legal professional before making decisions.
About the Author
Warisha Rashid writes about the intersection of corporate strategy, venture capital, and macro for TECHi — why certain acquisitions close when the Fed pivots, why a Series C prices at a markdown, and how capital rotation reshapes competitive positioning. She reads PitchBook, CB Insights, and S&P Capital IQ filings alongside the earnings commentary most coverage ignores. Her work focuses on M&A rationale, startup unit economics, and the policy signals that move private markets before they show up in public ones.
