Total demand grew each month as early summer travel began to normalize to 2019 levels, growing 18% in aggregate over Q2 2019.This was Rover’s largest GBV quarter ever, surpassing the previous high achieved in Q3 2019 by 15%. Gross bookings value (GBV) of $134.1 million, compared to $113.9 million.The Q2 result was an improvement of $10.4 million from the second quarter of 2019 resulting from strong revenue performance and organic new customer acquisition. Adjusted EBITDA of $2.5 million, marking the Company’s first quarter of positive Adjusted EBITDA.GAAP net loss of $2.8 million, compared to net loss of $12.0 million.Revenue of $24.5 million, compared to $23.8 million, an increase of 3%.Second Quarter 2021 Financial Highlights:
Unless otherwise noted, all comparisons for Q2 2021 are relative to Q2 2019, due to the irregularity in Rover’s 2020 business metrics caused by COVID. “With the completion of our business combination adding approximately $240 million to our balance sheet, we feel well positioned to pursue the opportunities ahead.” “We are pleased with our strong second quarter financial results, as we drove growth in our core service offerings and reported a record number of new customers largely driven by organic channels,” said Rover co-founder and CEO, Aaron Easterly. prior to its merger with Nebula Caravel Acquisition Corp. (“Rover” or the “Company”) (NASDAQ: ROVR), the world’s largest online marketplace for pet care, today announced financial results for the second quarter ended Jreported by A Place for Rover, Inc. 09, 2021 (GLOBE NEWSWIRE) - Rover Group, Inc. Achieves Adjusted EBITDA profitability for the first time.Q2 new bookings of ~228,000 at ~$9 average customer acquisition cost.Q2 GBV of $134 million, Rover’s highest GBV quarter ever.
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