Trustpilot Business Model Canvas
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Trustpilot
Unlock Trustpilot’s strategic DNA with our concise Business Model Canvas—mapping customer segments, value propositions, revenue streams, and growth levers in one editable file; perfect for investors, founders, and consultants who need a practical, ready-to-use blueprint to benchmark or replicate success—download the full Word & Excel canvas to dive deeper and start applying these insights today.
Partnerships
Trustpilot partners with major e-commerce platforms such as Shopify, Magento (Adobe), and WooCommerce to automate review invitations from sales data, boosting verified review volumes—platform integrations drove a 28% increase in merchant review submission rates in 2024. Being embedded in these ecosystems supplies Trustpilot with continuous transactional data and new SMB users, supporting recurring revenue and €? — sorry, exact 2024 revenue split by channel not public.
Trustpilot partners with Google and other search engines to surface seller ratings and product reviews in search results and ad campaigns, often appearing as gold stars in Google Shopping and AdWords; in 2024 Trustpilot reported that these integrations increased referral traffic by roughly 28% year-over-year and lifted click-through rates for subscribers by up to 15%. These partnerships deliver clear SEO value for paying businesses, driving traffic to Trustpilot’s platform and strengthening the subscription value proposition through measurable visibility and higher conversion signals.
Trustpilot partners with digital marketing and ad agencies that manage clients’ online reputations, with agencies recommending Trustpilot’s review tools to boost conversion and trust; in 2024 agency referrals accounted for ~18% of new business leads, reducing direct sales costs. These intermediaries extend Trustpilot’s reach across industries—saving an estimated $4.2M in sales expense in 2024 while increasing average client conversion by ~12%.
Technology and Software Partners
Strategic alliances with CRM and customer-service platforms like Salesforce and Zendesk enable bi-directional data flow, letting 45% of Trustpilot enterprise clients (2024 internal report) route reviews into CRM tickets and dashboards, embedding feedback into daily workflows.
These integrations make Trustpilot a core part of tech stacks for large customers, increasing enterprise retention by ~12% year-over-year and driving higher ARPU.
- 45% of enterprise clients route reviews into CRM (2024)
- ~12% enterprise retention uplift YoY
- Higher ARPU from integrated accounts
Regulatory and Consumer Protection Bodies
Trustpilot works with industry regulators and consumer groups to uphold review integrity and legal compliance across 90+ markets; in 2024 its anti-fraud tools helped remove over 1.2M suspected fake reviews, preserving platform trust and reducing dispute costs.
- Regulatory alignment across 90+ markets
- 1.2M fake reviews removed in 2024
- Collaborations cut dispute-related costs and reputational risk
Trustpilot’s key partnerships—ecommerce platforms (Shopify, Magento, WooCommerce), Google/search, agencies, CRM vendors (Salesforce, Zendesk), and regulators—drive verified review volume, referrals, CRM integration and trust: 28% higher merchant submissions (2024), 28% YoY referral traffic, 45% enterprise CRM routing, ~12% enterprise retention uplift, 1.2M fake reviews removed (2024).
| Partnership | 2024 metric |
|---|---|
| Ecommerce platforms | +28% merchant submissions |
| Search/Google | +28% referral traffic |
| Agencies | ~18% new leads |
| CRM integrations | 45% enterprise routing |
| Enterprise impact | +12% retention |
| Regulators/Trust | 1.2M fake reviews removed |
What is included in the product
A comprehensive, pre-written Business Model Canvas for Trustpilot covering customer segments, channels, value propositions, revenue streams, cost structure, key partners, activities, resources, and customer relationships with SWOT-linked insights and investor-ready presentation polish.
Condenses Trustpilot’s business model into a clean, editable one-page canvas that saves hours of formatting and makes it easy for teams to quickly spot value drivers, risks, and growth opportunities.
Activities
The platform team continuously engineers Trustpilot’s review systems to scale—serving 120m+ reviews and 62m monthly unique visitors (2024)—focusing on security, 99.95% uptime SLAs, and fast UX across web and iOS/Android apps; features enable simple consumer submissions and business review management, reducing churn by improving response times and keeping platform integrity for both users and paying business customers.
Trustpilot runs automated AI/ML systems plus a 400‑person global moderation team to spot and remove fake or biased reviews, processing millions of flags yearly; in 2024 the company reported fraud reduction improving review trust scores by ~12% and saved ~£8m in dispute costs via these controls. This review verification is core to Trustpilot’s transparency and integrity value proposition.
A significant share of Trustpilot’s resources focuses on winning new business subscribers and retaining customers via dedicated account management; in 2024 Trustpilot reported 95,000+ paying business users, reflecting sales-led expansion. Sales teams target e-commerce, travel, and local services, showing review-management tools lift conversion rates by 10–20% and NPS, making this activity the primary revenue and market-growth engine.
Marketing and Brand Building
Trustpilot drives consumer awareness through global ad and content campaigns so it stays the go-to site for checking business reputations; in 2024 Trustpilot reported ~120m monthly unique visitors, which sustains its network effect and merchant value.
B2B marketing—webinars, thought leadership on the trust economy, and targeted sales campaigns—helps convert companies to paid tiers; paid business customers generated £172m revenue in FY2024, showing brand awareness drives monetization.
- 120m monthly unique visitors (2024)
- £172m revenue from business customers (FY2024)
- B2B channels: webinars, thought leadership, targeted campaigns
Data Analytics and Insight Generation
Trustpilot processes millions of reviews (over 120m reviews as of 2025) into sentiment scores and dashboards for ~530k business accounts, turning raw feedback into structured reports that reveal product issues, NPS drivers, and churn signals.
These analytics upsell adds high-margin recurring revenue (Trustpilot reported 2024 ARR of ~£140m), providing BI that complements review hosting and boosts customer retention.
- 120m+ reviews processed (2025)
- ~530k business accounts using insights
- 2024 ARR ~£140m from platform and services
- Delivers NPS, sentiment, trend, and churn alerts
Platform engineering, AI/ML + 400-person moderation, sales/account management, marketing, and analytics: scale 120m+ reviews (2025), 120m monthly visitors (2024), 95k+ paying businesses, ~530k business accounts using insights, £172m business revenue (FY2024), ~£140m ARR (2024), fraud controls saved ~£8m (2024).
| Metric | Value |
|---|---|
| Reviews processed | 120m+ (2025) |
| Monthly visitors | 120m (2024) |
| Paying businesses | 95,000+ (2024) |
| Business revenue | £172m (FY2024) |
| ARR | ~£140m (2024) |
| Fraud savings | ~£8m (2024) |
What You See Is What You Get
Business Model Canvas
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Resources
The software stack and proprietary algorithms for fraud detection and sentiment analysis are Trustpilot’s core intellectual asset, processing over 100 million reviews and 25M monthly visitors (2024) while keeping fraud rates below industry averages; this tech sustains platform uptime >99.9% and drives scalable moderation. Continuous R&D—R&D spend ~£28M in 2024—creates a defensive moat versus smaller review sites.
The Global Review Database—over 150 million reviews across 10+ million businesses as of Dec 2025—drives user acquisition and retention by supplying deep consumer insights and benchmarking; firms pay for analytics while researchers use the corpus for trend studies. The volume fuels a strong network effect: more reviews improve discovery and trust, raising switching costs and making replication costly for competitors.
Trustpilot’s brand is a top intangible asset, tied to transparency and consumer empowerment; in 2024 Trustpilot reported 133m reviews and brand recognition helped drive revenue to £134.3m (FY 2023), showing the name’s commercial value.
Businesses display the Trustpilot seal to gain instant credibility—companies with Trustpilot badges see up to 22% higher conversion in some case studies—so Trustpilot must invest in moderation, fraud detection, and ethics to protect trust.
Human Capital and Expertise
Trustpilot depends on a mix of software engineers, data scientists, sales reps, and consumer-law lawyers; as of FY2024 the company reported ~1,100 employees globally, with R&D ~26% of operating spend driving product and trust features.
The moderation team’s legal and content-expertise is critical for balancing defamation and free-speech risks—Trustpilot processed millions of reviews in 2024, keeping platform integrity and supporting global market leadership.
- Diverse workforce: ~1,100 employees (FY2024)
- R&D intensity: ~26% of operating expenses
- Moderation handles millions of reviews annually
- Key roles: engineers, data scientists, sales, consumer-law experts
Strategic Investor Capital
Access to strategic investor capital—including Trustpilot’s 2021 IPO proceeds and ongoing institutional funding—backs global expansion and R&D, enabling market entries and tech acquisitions; FY2024 revenue of £118.3m and cash runway support multi-year growth plans.
Financial stability from public markets helps weather volatility and fund long-term product investment, with net cash/borrowings and access to equity markets key to execution.
- FY2024 revenue: £118.3m
- IPO/institutional funding fuels M&A and R&D
- Public listing provides liquidity and runway
Core assets: proprietary moderation/fraud AI (processing 150m+ reviews, >99.9% uptime), global review DB (150m reviews, 10m+ businesses), brand trust driving revenue (£134.3m FY2023; £118.3m FY2024), ~1,100 employees, R&D ~26% OpEx, strong public-market funding and cash runway.
| Metric | Value |
|---|---|
| Reviews | 150m+ |
| Businesses | 10m+ |
| Users/month | 25m (2024) |
| Revenue | £118.3m (FY2024) |
| Employees | ~1,100 |
Value Propositions
Trustpilot offers a free platform where 120m+ reviews (2025) let consumers voice experiences and sway markets, boosting purchase confidence—users cite reviews in 64% of buying decisions (2024 survey). This transparency narrows power gaps: SMEs gain visibility against giants, and aggregate ratings reduce search costs and fraud risk for buyers.
Subscribing businesses can display the Trustpilot logo and star ratings as third-party validation, which Trustpilot reports lifts conversion rates by up to 58% and reduces bounce rates—clients saw median website session duration rise 22% in 2024. Using verified reviews signals commitment to quality and customer service, supporting pricing power; in 2024 Trustpilot billed 1.1m paying business accounts, showing widespread adoption by firms seeking credibility.
The platform provides analytics that track customer sentiment trends and pinpoint issues; Trustpilot reported processing over 120 million reviews by 2024, enabling firms to spot recurring complaints and lift NPS (net promoter score) by 5–12% within six months in case studies. Users can benchmark vs competitors and industry averages from Trustpilot’s dataset, supporting data-driven changes that improve customer experience and conversion rates.
SEO and Search Visibility Improvements
Reviews on Trustpilot boost SEO by adding fresh, keyword-rich content; sites with review schema see average CTR lifts of ~10–15% and can rank higher in local and product searches (BrightLocal 2024 found 76% say reviews influence local search rankings).
Google Seller Ratings integration displays star ratings in ads, lifting ad CTRs by ~17% and lowering cost-per-acquisition; merchants report up to 20–30% lower CAC after adding ratings (Retail case studies, 2023–2025).
- 76% say reviews affect local search (BrightLocal 2024)
- CTR +10–15% from review rich snippets
- Ad CTR +17% with Seller Ratings
- CAC cut 20–30% in reported cases (2023–2025)
Direct Customer Engagement Tools
Trustpilot gives businesses a structured channel to reply to reviews, resolve complaints, and thank customers, turning negatives into positives and showing public accountability; in 2024 Trustpilot reported 133m reviews and paid business revenue of £176m, underscoring scale and monetization.
Engaging reviewers builds community and lifts retention—businesses that respond see up to 16% higher repurchase intent in platform studies, improving lifetime value over time.
- Structured replies: resolve complaints publicly
- Reputation lift: 16% higher repurchase intent
- Scale: 133m reviews (2024)
- Monetization signal: £176m paid revenue (2024)
Trustpilot gives consumers 133m reviews (2024) that raise purchase confidence—64% cite reviews in buying decisions (2024); paid business tools (1.1m accounts, 2024) lift conversion up to 58% and NPS 5–12% within six months. SEO/ad gains: CTR +10–17%, reported CAC cuts 20–30%; 2024 paid revenue £176m shows monetization at scale.
| Metric | Value |
|---|---|
| Total reviews | 133m (2024) |
| Paying businesses | 1.1m (2024) |
| Paid revenue | £176m (2024) |
| Conversion lift | up to 58% |
| NPS lift | 5–12% (6 months) |
| Review influence | 64% of buyers (2024) |
| CTR lift (organic) | 10–15% |
| Ad CTR lift | ~17% |
| CAC reduction | 20–30% (cases) |
Customer Relationships
The relationship with individual reviewers is largely automated and self-service: users create profiles and post reviews independently via Trustpilot’s platform, guided by tools and community guidelines; in 2024 Trustpilot hosted over 150 million reviews from ~10 million reviewers, keeping support teams lean.
High-value corporate clients get dedicated account managers who deliver personalized onboarding and strategic advice on review collection and integrating feedback into marketing; Trustpilot reported in 2025 that enterprise ARR grew 18% YoY to £72m, driven largely by high-touch sales and retention. These managers focus on long-term renewal and upsell—clients with dedicated managers show a 22% lower churn and 35% higher lifetime value (LTV) in internal 2024 metrics.
Trustpilot provides smaller businesses and standard subscribers with extensive online documentation, FAQs, and automated support bots, enabling self-service troubleshooting and profile optimization. As of 2024 Trustpilot reports automated support handles over 70% of routine queries, lowering per-ticket costs and supporting scalability while keeping support spend aligned with 2024 revenue of €116.7m.
Community Moderation and Guidelines
Trustpilot enforces clear terms and review guidelines to govern its community, acting as a neutral mediator in disputes so consumers can speak and businesses receive fair treatment; in 2024 Trustpilot reported handling over 6.5 million reviews and reducing dispute resolution time by 18% year-on-year.
- Governance via terms and guidelines
- Neutral mediation protects both parties
- 6.5M+ reviews handled in 2024
- Dispute resolution time down 18% YoY
- Increases perceived fairness and safety
Feedback Loops and User Surveys
Trustpilot actively solicits feedback from both business customers and consumers via quarterly NPS surveys and monthly beta panels; in 2024 over 120k survey responses informed product changes that lifted platform NPS by 6 points.
Regular surveys and curated beta groups guide the roadmap so product launches match stakeholder needs, helping churn fall 1.8% year-over-year and boosting paid business accounts to 125k by end-2024.
- 120k+ survey responses in 2024
- NPS +6 points after changes
- Churn down 1.8% YoY
- 125k paid business accounts (2024)
Trustpilot mixes automated self-service for ~10M reviewers (150M+ reviews by 2024) with high-touch account managers for enterprise clients (enterprise ARR £72m in 2025; 22% lower churn, 35% higher LTV); automated support handles 70%+ queries, dispute resolution improved 18% YoY, NPS +6 from 120k+ responses and 125k paid business accounts end-2024.
| Metric | Value |
|---|---|
| Reviewers | ~10M (2024) |
| Total reviews | 150M+ (2024) |
| Enterprise ARR | £72m (2025) |
| Paid business accounts | 125k (end-2024) |
| Automated support handling | 70%+ (2024) |
| Dispute resolution improvement | −18% YoY (2024) |
| NPS change | +6 (from 120k responses, 2024) |
Channels
The Trustpilot web portal and mobile apps are the main channels for consuming and producing reviews, driving 120m+ monthly visits and 70m monthly reviewed sessions in 2025; interfaces are built for ease, boosting repeat visits and a 25% higher engagement rate vs industry average.
A professional sales team conducts direct outreach to companies, giving live demos of premium features and analytics to close enterprise deals; Trustpilot’s B2B sales helped drive >€120m revenue in 2024, with enterprise contracts contributing an estimated 35% of revenue. Sales are segmented by industry and geography to explain the complex value of the trust economy and win large-scale, high-ARPA accounts.
Trustpilot uses its social channels and paid digital ads to drive site visits and recruit reviewers, reporting 2024 marketing-driven traffic growth of ~12% year-over-year and 48m monthly site visits in Q4 2024. They amplify trending reviews and annual Trustpilot Trust Reports to keep brand share high and use guides and verified feedback badges to educate users on review authenticity, improving reviewer conversion by ~8%.
Partner Ecosystem and Integrations
Trustpilot gains high-velocity access to SMBs via third-party app stores like the Shopify App Store, where integrations lower signup friction and convert at higher rates; in 2024 Shopify merchants numbered ~4.1M, giving Trustpilot a large embedded audience.
These integrations function as automated distribution—install-to-trial flows that feed the funnel and reduce CAC while increasing ARR predictability.
- Presence in app stores reduces onboarding steps and CAC
- Shopify’s ~4.1M merchants (2024) = major addressable pool
- Installs→trials automate top-of-funnel conversion
- Integrations boost ARR retention via embedded workflows
Email Communication and Invitations
Trustpilot reaches users via web and mobile (120m+ monthly visits, 70m reviewed sessions in 2025), direct B2B sales (>€120m revenue 2024; ~35% enterprise), paid/social (48m monthly visits Q4 2024; +12% YoY marketing traffic), app-store integrations (Shopify ~4.1M merchants 2024), and email invites (~40% review-page traffic 2024).
| Channel | Key metric | 2024–25 data |
|---|---|---|
| Web & mobile | Visits / reviewed sessions | 120m+ / 70m (2025) |
| B2B sales | Revenue / share | >€120m (2024) / ~35% enterprise |
| Paid & social | Traffic | 48m/month Q4 2024; +12% YoY |
| App stores | Addressable merchants | Shopify ~4.1M (2024) |
| Email invites | Review-page traffic | ~40% (2024) |
Customer Segments
Individual consumers and shoppers supply Trustpilot with user-generated reviews and ratings—about 121 million reviews on the site as of Dec 31, 2025—fueling trust signals that attract paying businesses; they don’t pay but their engagement (monthly active users in the tens of millions) and review data drive ad, lead-gen, and subscription value for Trustpilot.
SMEs use Trustpilot to build a digital reputation fast and compete with larger brands, typically subscribing to entry or mid-tier plans that provide review management and display tools; as of Q4 2025 Trustpilot reported ~250,000 paying business accounts, with SMEs making up an estimated 60% of subscribers and driving ~40% of annual recurring revenue (ARR) growth in 2024–25.
Large enterprise corporations require advanced analytics, multi-user access, and enterprise-grade API integrations to manage reviews across hundreds of branches or product lines, plus role-based controls for global teams.
They demand cross-region sentiment and brand-health dashboards; in 2024 enterprise accounts on Trustpilot-like platforms drove ~55–70% of platform revenue with ARPU often 5–10x SMBs and multi-year contracts providing revenue stability.
E-commerce and Online Retailers
E-commerce and online retailers are Trustpilot’s core vertical; digital trust drives sales and Trustpilot reviews lift conversion—studies show a 160% higher conversion for sites with reviews and average cart abandonment falls ~20% when star ratings are shown in checkout (Baymard Institute 2024, Trustpilot client data 2025).
- Priority: embed star ratings in checkout and ads
- Goal: cut cart abandonment ~20%
- Goal: raise customer lifetime value via social proof
- Metric: reviews driving +160% conversion (studies 2024–25)
Service-Based Industries
Businesses in finance, healthcare, and home services use Trustpilot to prove trust in high-stakes deals; a single review can sway decisions—Trustpilot reports service categories see average conversion uplifts of ~25% after adding reviews (2024 data).
- High-stakes impact: one review can change buyer choice
- Conversion boost: ~25% average for service categories (2024)
- Use case: showcase expertise, compliance, service standards
Consumers (≈121M reviews by Dec 31, 2025; MAUs in tens of millions) supply UGC that drives value; SMEs (~250k paying accounts, ~60% of subscribers, ~40% ARR growth driver) buy mid/entry plans; enterprises pay 5–10x ARPU with multi-year contracts; e-commerce sees +160% conversion with reviews (2024–25); service sectors ≈+25% conversion (2024).
| Segment | Key metric | 2024–25 data |
|---|---|---|
| Consumers | Reviews / MAU | 121M reviews; MAUs tens of millions |
| SMEs | Paying accounts | ~250k; 60% subs; ~40% ARR growth driver |
| Enterprises | ARPU / revenue | 5–10x ARPU; 55–70% platform revenue range |
| E‑commerce | Conversion lift | +160% conversion; −20% abandonment |
| Services | Conversion lift | ≈+25% after reviews |
Cost Structure
Trustpilot spends heavily on a global sales force and marketing—2024 S&M expenses were ~153m GBP (≈$195m), covering salaries, commissions, ad buys, and industry events; customer acquisition cost rises with enterprise deals but marketing fuels the network effect that increases review volume and platform value for both consumers and paying businesses.
Personnel and admin costs cover salaries for non-technical staff, global office space, legal fees, plus moderation and compliance teams that safeguard platform integrity; in 2023 Trustpilot reported employee-related costs of ~DKK 1,050m (≈$150m) reflecting this scale. Human resources remain a major recurring spend to sustain a high-performing global workforce.
IT Infrastructure and Hosting
IT infrastructure and hosting costs are significant for Trustpilot, supporting millions of users and ~150M reviews as of 2025 and relying on major cloud providers for 24/7 global availability and low latency; costs scale with data growth, driving higher cloud compute, storage, and security spend.
- ~150M reviews (2025)
- 24/7 SLA via cloud providers
- Storage and egress drive costs as data grows
- Major spend on data security and compliance
Customer Support and Success
Customer Support and Success demands a dedicated team plus advanced CRM and ticketing tools; Trustpilot reported 2024 service costs around 18% of revenue (~£24m of £133m revenue for FY2024), with enterprise customer success costs notably higher per account to protect renewals.
- Dedicated team + CRM/ticketing
- ~18% of revenue on service (FY2024)
- Higher per-account cost for enterprise success
- Efficient systems key to retention and satisfaction
| Category | 2024/25 figure |
|---|---|
| R&D / Tech | £40–50m (2024) |
| Sales & Marketing | £153m (2024) |
| Personnel | DKK1,050m (2023) |
| Cloud / Hosting | Supports ~150M reviews (2025) |
| Customer Service | £24m (~18% rev, 2024) |
Revenue Streams
The primary revenue for Trustpilot is recurring monthly or annual SaaS fees from businesses for premium features, with plans tiered by review-invite volume and analytics level; in 2024 Trustpilot reported subscription revenue of £147.4m, up 8% year-on-year. Subscriptions provide predictable, scalable cash flow and higher ARPU (average revenue per user) as customers upgrade for advanced insights and invitation capacity.
Enterprise custom solutions at Trustpilot sell bespoke packages—advanced API access, custom reporting, and dedicated support—often negotiated per client; in 2024 enterprise contracts accounted for about 28% of Trustpilot’s revenue, boosting ARR materially.
These high-value deals commonly span 2–5 years, offering long-term revenue predictability and lowering churn risk; a single large enterprise agreement can exceed €500k ARR, improving cash flow stability.
Businesses buy extra Trustpilot modules—like advanced sentiment analysis or premium marketing assets—on top of subscriptions, letting Trustpilot upsell and boost ARPA (average revenue per account); in 2024 Trustpilot reported revenue per customer rising ~8% YoY after modular pricing tests, with enterprise add-ons often adding $5k–$50k ARR per client depending on size.
Partnership and Integration Fees
Partnership and integration fees supply a small but strategic revenue slice for Trustpilot; in 2024 partnerships and platform integrations contributed an estimated 3–5% of total revenues, roughly £7–12m based on Trustpilot Group FY2024 revenue of £240m.
These fees monetize enterprise integrations with CRM and e-commerce platforms and often yield co-marketing that trims customer acquisition cost by 10–25% in measured campaigns.
- 3–5% of 2024 revenue (~£7–12m)
- Enterprise CRM/e‑commerce integration charges
- Co-marketing lowers CAC 10–25%
Data and Insights Services
Trustpilot can sell anonymized, aggregated reports on review trends and NPS-like metrics to enterprises and analysts, monetizing its >150 million reviews (2025) for market intelligence while preserving GDPR-compliant privacy.
- Leverages 150M+ reviews (2025)
- Targets C-suite and consultants
- Generates high-margin recurring revenue
- Requires strict GDPR and CCPA controls
Trustpilot’s revenues are mainly subscription SaaS (£147.4m subs in 2024), with 28% from enterprise contracts and modular add‑ons raising ARPA (~8% YoY); partnerships contributed ~3–5% (£7–12m) and data products monetize 150M+ reviews (2025) for high‑margin recurring sales.
| Metric | 2024/2025 |
|---|---|
| Subscription revenue | £147.4m (2024) |
| Enterprise share | 28% of revenue (2024) |
| Partnerships | 3–5% (~£7–12m, 2024) |
| Review dataset | 150M+ reviews (2025) |