Rover Reports First Quarter 2023 Financial Results
First quarter revenue increased to $41.1 million, up 48% year-over-year
- First quarter revenue increased to $41.1 million, up 48% year-over-year
Gross booking value (GBV) of $209.4 million, up 36% year-over-year
Total bookings of 1.5 million, up 27% year-over-year
SEATTLE, May 08, 2023 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”) (NASDAQ: ROVR), the world’s largest online marketplace for pet care, today announced financial results for the first quarter ended March 31, 2023. - “We had an excellent start to 2023 - delivering revenue growth of 48% while significantly expanding margins year over year," said Rover co-founder and CEO, Aaron Easterly.
- Rover anticipates Adjusted EBITDA in the range of $29 - $34 million, a 15% margin at the midpoint of the projected range.
- For more information regarding the non-GAAP financial measures discussed in this earnings release, please see "Non-GAAP Financial Measures" below.