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Wag! Group Co. - PET STOCK NEWS

Welcome to our dedicated page for Wag! Group Co. news (Ticker: PET), a resource for investors and traders seeking the latest updates and insights on Wag! Group Co. stock.

Wag! Group Co. (PET) operates a leading digital marketplace connecting pet parents with independent caregivers for dog walking, boarding, and specialized pet services. This news hub provides investors and industry observers with timely updates on corporate developments shaping the pet care technology sector.

Access official press releases and curated news coverage detailing PET's financial performance, strategic partnerships, and service innovations. Track announcements related to platform enhancements, operational milestones, and market expansion initiatives within the $100B+ pet care industry.

Key updates include earnings reports, leadership changes, technology deployments, and regulatory filings. Our centralized repository ensures efficient monitoring of factors influencing PET's position in the on-demand services market.

Bookmark this page for streamlined access to verified company communications. Combine these resources with SEC filings and investor materials for comprehensive analysis of Wag! Group Co.'s growth trajectory.

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Wag! Group, listed on Nasdaq as PET, has introduced WeCompare.com, a new brand aimed at revolutionizing the insurance comparison sector. Leveraging their pet insurance experience, WeCompare will offer a comparison platform starting with auto insurance and expanding to include home, life, travel, and more. With a focus on technology, data-driven content, and user experience, WeCompare plans to cater to a broader audience and meet the demands of consumers and partners.

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Wag! unveils the rebrand of Dog Food Advisor, the top pet food review site in the U.S., featuring an improved, user-friendly design with unbiased reviews and science-based content. The rebrand aims to enhance the pet food experience and strengthen partnerships with leading brands like Chewy and Ollie. Wag! also launches a white labeled Dog Food Calculator experience, providing personalized recommendations for pet parents. The acquisition of DFA by Wag! in January 2023 further solidifies their position in the pet care industry.

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Wag! (Nasdaq: PET) will announce its first quarter 2024 financial results on May 9, 2024, followed by a conference call to discuss the results. Investors can join the call to listen to the discussion of the financial performance.
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Wag! announces the launch of Furscription, a digital tool for veterinary clinics to streamline the prescription process, aiming to simplify prescription requests for veterinarians and pet parents. The product offers features like electronic prescriptions, streamlined communication, enhanced convenience, improved accuracy, and security. Furscription has garnered significant interest within the veterinary community and is set to launch in May 2024.
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Wag! Group Co. (PET) reports record Q4 revenues of $21.7 million, up 27% YoY, and annual revenues of $83.9 million, up 53% YoY. Positive annual adjusted EBITDA of $0.7 million. Management approves up to $10 million debt pay down. 2024 guidance projects revenues of $105-115 million and adjusted EBITDA of $2-6 million.
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Wag! (PET) has successfully completed the acquisition of WoofWoofTV, marking its entry into the distributed media space. WoofWoofTV has a massive annual reach of over 800 million on Instagram and Facebook, 5 million impressions on YouTube, and nearly 25 million unique viewers on Snap. This acquisition will provide Wag! with access to a significant audience of pet lovers, allowing the company to create compelling content for its social media platforms. CEO Garrett Smallwood expressed the company's commitment to enriching the lives of pets and their owners by providing premium care and engaging content.
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Wag! (PET) will report Q4 and full year 2023 financial results on February 14, 2024, followed by a conference call. Investors and analysts can access the call and webcast online. A recorded replay will be available for 90 days.
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Wag! (PET) partners with Bright Horizons to offer employer-sponsored pet care solutions to the modern U.S. pet household. The collaboration aims to provide on-demand pet care services, flexible scheduling, nationwide coverage, and seamless integration with Bright Horizons' existing Back-Up Care program, ultimately enhancing employee well-being and work-life balance.
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Wag! Group Co. (Nasdaq: PET) achieves highest revenue quarter and adjusted EBITDA in company history, with a 318% YoY increase in adjusted EBITDA margin. The company also achieved record 632,000 platform participants in Q3 2023 and is focusing on product expansion and platform differentiation for long-term, profitable growth. Revenue guidance for Q4 2023 is $20 million, with adjusted EBITDA of $0.3 million, and for full year 2023, revenue is expected to be in the range of $80 million to $84 million, with adjusted EBITDA in the range of $0 million to $2 million.
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Wag! Group Co. to report third quarter 2023 financial results
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Wag! Group Co.

Nasdaq:PET

PET Rankings

PET Stock Data

6.03M
44.98M
12.37%
52.93%
5.12%
Software - Application
Services-personal Services
Link
United States
SAN FRANCISCO