Pet Humanization and Premiumization Driving Spend slide image

Pet Humanization and Premiumization Driving Spend

Financial Forecast FY 2021 FY 2022 Long-Term Targets Revenue Growth 100% 107% 20%-25% Adjusted EBITDA Margin (1) (9%) 17% **Rover Rover has potential for a "Rule of 55%+" financial profile 30%+ 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. 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 27
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