Trade Trustpilot Group plc - TRSTgbp CFD

Trustpilot Group plc Company profile

About Trustpilot Group PLC

Trustpilot Group PLC is a United Kingdom-based company that offers a global review platform. The Company's platform creates a place where businesses and consumers can gain actionable insights and collaborate. It offers software-as-a-service (SaaS) based applications and services to its business customers. Consumers are able to share feedback, at any time, about any business with a website and review feedback left by other consumers. The platform not only facilitates better purchasing decisions, but also gives consumers the opportunity to recommend businesses, products, services and locations based on their experiences. Consumers can search for reviews on any business by category and any business with a website, whether operating online or offline, can receive a review. When a consumer finds the business, they are looking for, they are able to find additional details on the business profile page on the platform.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Trustpilot Group PLC revenues increased 29% to $131.4M. Net loss increased from $12.3M to $25.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling/General/Admin Expe increase of 86% to $51.6M (expense), Selling/General/Admin Ex increase of 34% to $33.8M (expense).