Trustpilot shares jump 4% on strong revenues

Trustpilot has beat analyst expectations for 2021 as the group saw a surge in revenues.

Revenue jumped 24% as booking numbers grew 27% across the year.

“We are very encouraged by this excellent financial result, with revenue ahead of expectations and strong growth in bookings and ARR,” said chief executive, Peter Holten Mühlmann.

“Over the past twelve months, we have continued to make strong progress against our strategic ambitions for Trustpilot to be the most trusted and most used global consumer reviews platform”

Shares in the group were up 4% following the trading update.