Pet Humanization and Premiumization Driving Spend

Public Comparables - Trading Metrics 6.7x AV / 22E Revenue 26.5x 18.7x 14.2x 13.3x Median: 16.4x 4.2x 22.3x AV / 22E SS EBITDA N.M. 60.3x 40.3x 40.0x Median: 40.2x 34.6x **Rover fiverr airbnb matchgroup Etsy chewy **Rover fiverrⓇ airbnb Etsy chewy matchgroup Rover 1. Market Data as of 1/20/2021 2. EV / SS EBITDA >100.0x shown as not-meaningful 3. Chewy excluded from AV / Revenue Median 34

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