Rover Group Inc - ROVR STOCK NEWS

Rover Group, the largest online pet care marketplace, announced its participation in two prominent investor conferences. The Goldman Sachs Communacopia & Technology Conference will be held on September 12, 2022, at 11:30 a.m. PT in San Francisco. Additionally, Rover will present at the Jefferies Pet Care & Wellness Conference on September 22, 2022, at 7:30 a.m. PT virtually. Live webcasts and archived presentations will be available on Rover's investor relations website.

Rover Group reported a 77% year-over-year revenue increase to $43.4 million for Q2 2022, alongside a 59% rise in gross booking value (GBV) to $212.8 million. Total bookings reached 1.4 million, up 35%, with new bookings up 14% and repeat bookings up 40%. The company anticipates Q3 2022 revenue between $46 - $48 million and full-year revenue of $160 - $166 million, reflecting a 48% expected increase. Adjusted EBITDA projections for the full year are between $10 - $14 million, influenced by macroeconomic factors.

Rover Group, Inc. (Nasdaq: ROVR) will release its second quarter 2022 financial results on August 4, 2022, after market close. A conference call and webcast will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results and business outlook. The event will be accessible via a live call and webcast, with a replay available for 90 days. Rover aims to ensure broad distribution of its material information through various channels, including its investor relations website and social media.

Rover Group, Inc. (NASDAQ: ROVR) will be added to the Russell 3000^®, Russell 2000^®, and Russell Microcap^® Indices after June 27, 2022. This marks a significant milestone for the company, enhancing its visibility among institutional investors and asset managers, as these indices cover a vast market worth approximately $12 trillion. The reconstitution, based on market capitalization, underscores Rover's growth since its public debut. CEO Aaron Easterly expressed confidence that this inclusion will aid in expanding partnerships and connecting with pet lovers more effectively.

Rover Group, Inc. (Nasdaq: ROVR), the leading online pet care marketplace, announced its participation in three upcoming investor conferences. Management will present at the Needham Technology & Media Conference on May 19, 2022, at 12:45 p.m. PT, followed by a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 1:30 p.m. PT. The final event is the William Blair Annual Growth Stock Conference on June 7, 2022, at 6:40 a.m. PT. All presentations will be available via webcasts on Rover's investor relations website.

Rover Group reported a strong first quarter 2022 with revenue reaching $28 million, a 128% increase from Q1 2021. Gross bookings value (GBV) surged 137% to $154 million, and total bookings rose by 81% to 1.2 million. New bookings rose 76% year-over-year. Despite challenges from COVID, particularly the Omicron variant impacting demand, the company anticipates Q2 revenue between $41 million and $43 million. Full year revenue guidance is set at $160 million to $180 million, reflecting a 55% increase at the midpoint.

Zillow and Rover's recent survey highlights the influence of pets on housing decisions in the U.S. Over 72% of dog parents are open to relocating for their pets' needs, with more than half struggling to find dog-friendly rentals. Antioch, Tennessee, has been named the fastest-growing dog-friendly city, with dog-owner accounts increasing significantly. The survey indicates a strong trend among pet owners towards seeking properties that accommodate their pets, reflecting the growing importance of pet ownership in real estate.

Rover Group, Inc. (Nasdaq: ROVR) will announce its first quarter 2022 financial results on May 9, 2022, post-market close. A conference call and webcast will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss financial performance and business outlook. Rover, headquartered in Seattle, is the largest online pet care marketplace, connecting pet owners with services like boarding, daycare, and dog walking.

Rover Group, Inc. (NASDAQ: ROVR) announced the planned retirement of CFO Tracy Knox in December 2022, following a transition to her successor, Charlie Wickers, the current Vice President of Finance. Knox will serve as CFO until August 2022 before becoming an advisor until year-end. Wickers, with over 16 years in financial operations and experience in strategic finance at Rover, is expected to ensure a smooth leadership transition. This change highlights Rover's commitment to continuity in financial management.