Monday 12 July 2021 9:00 am

Trustpilot revenues up almost a third as business accelerates post-pandemic

Trustpilot Group reports jump in revenue in the first half of the year, as the consumer review website continues to experience a “re-acceleration” following the pandemic-related impact in 2020.

The consumer review website saw its bookings surge by 37 per cent in the first half of 2021.

The business, with a market capitalisation of £1.3bn, reported that its total revenue was $62m, up 31 per cent year-on-year in a trading update for the six months to June 30.

The group also noted that the re-acceleration of its business had seen total bookings during the period increase by 37 per cent to $75m.

“Trustpilot provides the ‘trust layer’ for the open commerce ecosystem, giving consumers the confidence to purchase goods and services online, while offering businesses the opportunity to establish trust and thrive,” said chief operating executive Peter Holten Mühlmann.

He continued: “We are encouraged by the progress we have made in the first half of the year and the board remains confident in the strategy and outlook for the business.”

Trustpilot is a digital platform where people share reviews of businesses. The Copenhagen based company, with over 700 staff, has offices and operations in London, Edinburgh and other international hubs.