Following the positive trading update published in January, Trustpilot reported a near halving of the EBITDA deficit YoY to $8.6m for the year to December 2022. Adjusted EBITDA was a $(4.4)m loss although the company generated positive Adjusted EBITDA in 2H22 of $1m. Reported financials were negatively impacted by the strength of the dollar but operating metrics were strong, as previously disclosed. Management expects to move to adjusted EBITDA profitability and positive adjusted free cash flow ....
21 Mar 2023
Trustpilot - Strong FY22 results, positive guidance; CEO transition
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Trustpilot - Strong FY22 results, positive guidance; CEO transition
Trustpilot Group Plc (TRST:LON) | 185 -7.8 (-2.2%) | Mkt Cap: 764.5m
- Published:
21 Mar 2023 -
Author:
Colin Smith -
Pages:
3
Following the positive trading update published in January, Trustpilot reported a near halving of the EBITDA deficit YoY to $8.6m for the year to December 2022. Adjusted EBITDA was a $(4.4)m loss although the company generated positive Adjusted EBITDA in 2H22 of $1m. Reported financials were negatively impacted by the strength of the dollar but operating metrics were strong, as previously disclosed. Management expects to move to adjusted EBITDA profitability and positive adjusted free cash flow ....