Wag! earns $9.7 million in the first quarter of 2022

Gross bookings of the pet services marketplace increased by 141% to $17.5 million (€16.6M) as the company is “rapidly” recovering from the pandemic.

In comparison with the first quarter of 2021, the Californian company increased its revenue by 273%.

Net loss improved to $2.4 million (€2.28M) from $2.7 million (€2.57M) in the first quarter of 2021.

The company posted $8.1 million (€7.70M) in revenues in the last quarter of 2021, a “stellar growth” against previous periods. Wag! was acquired by a PE firm earlier in the year.

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Latin America and Asia-Pacific drove the portfolio, but sales in the category decreased slightly.

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