StockMarketWire.com - Customer-review platform Trustpilot posted a deeper first-half loss owing to costs associated with its recent sharemarket listing, though its underlying earnings rose and it upgraded annual revenue guidance.

Pre-tax losses for the six months through June amounted to £17.2 million, compared to year-on-year losses of £5.8 million.

Revenue rose 31% to £62.4 million, or 22% in constant currency terms, amid a 37% rise in bookings to 75,478.

Adjusted earnings before interest, tax, depreciation and amortisation rose to £3.8 million, up from £1.6 million.

Trustpilot said it now expected full-year revenue in constant currency terms, to rise at a similar rate as the first half, up from previous guidance of a growth rate in the high teens.

'This excellent result is a testament to the hard work of all our employees, as well as the strength of our proposition and brand among consumers and businesses,' chief executive Peter Holten Muhlmann said.


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