Online marketplace Rover revenues jumped 58% in 2022
Total bookings grew by 32% to 5.6 million, compared to 4.2 million in 2021.
The pet care platform registered a revenue of $174 million (€164M) in 2022, up from $109.8 million (€103.5M) in 2021. The Seattle-based platform reported a net income of $5.3 million (€5M) for the year.
Gross booking value for the year increased by 53% to $798.4 million (€752.8M). The company said new bookings were up 17% to 939,000.
Co-Founder and CEO Aaron Easterly said the performance last year was “inspiring with record new client acquisitions, increased expected customer lifetime value, and rapid international growth.”
The positive results prompted the company’s board to authorize a $50 million (€47M) share buyback program. The company anticipates revenue in the first quarter of 2023 to be in the range of $37 to $39 million (€34.89 to €36.77M) and between $205 (€193.3M) to $215 million (€202.7M) for the full year
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