Pet Humanization and Premiumization Driving Spend
Financial Projections
Bookings (mm)
4.2
3.2
3.9
2.4
8.1
Gross Booking Value ($mm)
27%
CAGR
$436
$408
$333
$233
$855
2018A
2019A
2020A
2021E
2022E
2018A
2019A
2020A
2021E
YoY Growth %
30%
(45%)
71%
106%
YoY Growth %
31%
(47%)
75%
2022E
109%
(2)
Revenue ($mm)
YoY Growth %
$71
$95
30%
CAGR
$97
$48
$201
2018A
2019A
2020A
2021E
2022E
35%
(49%)
100%
107%
*Rover
Adjusted EBITDA ($mm)"
Margin %
2018A
2019A
2020A
2021E
$35
2022E
($9)
($24)
($35)
($49)
(69%)
(37%)
(50%)
(9%)
17%
Note: Projections assume successful COVID vaccine rollout in 2021. Projections assume the travel industry starts to recover in 2H'21. Projections assume existing pet parents gradual return to normal cohort behavior from Q2'21 through Q1'22
1. 2020 Actuals are unaudited and subject to final S-4
2. Defined as net loss adjusted for interest & taxes, depreciation & amortization, other income or expenses, stock-based compensation, restructuring costs, and acquisition-related costs. See reconciliation on page 42 for details
26View entire presentation