And everyone July a company Rover's thank SPAC Thank the close on in XXXX. following earnings about you transaction for participating public the Nebula you Caravel first quarterly with Brinlea. call XX, as of
goal as company proud we this began on on have We to we have that August Rover X, a destined always and of was NASDAQ are XXXX. be trading the truly to public accomplished believed
for We take world's advantage to sheet pet cash have $XXX million largest balance opportunity our a to be in and are trusted of strong with well-positioned the marketplace care.
trusted, to yard. the primary A and progress new on to it can about logistics this addition and more the want I more you of Turner, exist increasing those turn pet solve people caring high have a ownership. our believe pet unconditional is that of concerns on market, details work the lot. the inception. and if opt that and logistics hours. marketing good to the long provide pet is rapidly for enough. addressable Rover just to over Then people telling our for pet I care, pXlace pet travel understanding we I about Rover Rover For joy bookings, a operations. I the you that We will happiness. has to move may with by our starting Brent I will to story, COO, quarter. is don't make to our care more am cover And story we a to deserves to one with affordable, the love the it that ownership. These At convenient experiencing our into mission. in since grown barrier quality, ownership. not Rover, to believe I we a a possible. everyone start home of pet make we needle of Concerns are human experience impediments
period During to annual at grew a growth compounded we XXXX rate. XX% GBV the of XXXX,
Typically, were on We booking side service the strong three marketplace. had the million book care one paid any repeat XXX,XXX the side supply of have demand customers mainly earn perhaps approximately XX% of from of category business XX% expansion. about most over the two to booking. But marketing on households the short, things on providers our interesting perspective is our is business driven by given and our repeat is mostly month back that The one and made quarters. by to is
the pet every customization pet, being, Rover Our in care. about standardizing is human mass like opposite. different. is is business Every pet not care. about enabling It's
the those makes allows can too on. today's customize separation to that care If for and can on they that's to home is what ability that someone dog to, mass dog If that's on caters is sleep pet generally unavailable a the Rover. a marketplace is looking someone's find Rover commercial options. on for sitter that their find used Our has bed provider to unique because what looking needs. full they because time dog This Rover. a anxiety,
environment geographies, of overnight that daytime all receiving their not Modern brackets stress are home, want and pets just XX% safe feel and reassurance but care pets they our an requested. excellent is that and business enable span both that. at specific care feels of feels consists want services. Overall, contentment where the services. business their in income parents helps free. Technology overnight They Our about which pet ages, our and
app enables share entered walks, activities and care completed exited home the highlighting they and gives people dog video Our the updates stay. of to photo during maps when know and providers let
the income doing and material people side lovers for shortage of they U. something want animal On is and in that the no empowerment supply marketplace, income. pet already life matter. most that pets providers make Rover have There the by countries, augment their to of the in S. in love. meaningfully to and allows flexibility their side
care pet results the into XX% are five-stars. the marketplace bookings pet are providers of together So we bring and phenomenal. parents reviewed with
family. pet services the their operate U. XX% The for that In and becoming care households with to going alone. town. business, pay we for are spending Before is We deeper commercial for is of of family of their about and animal desire a billion abhor animals boarding with worth when And in is facility. the about $XX the how leave to service market talking that and pets relationship a This care they experience in akin estimate more minutes industry. consider regular pets. parents attention pet two-thirds is it's people owning part care universal S. pet industry that that the opportunity relationship. S. becoming of the of animals. about we couple the can U. human reason pet U.S., idea a pet XX% their the taking many Increasingly, consistent parents Currently, only have the the households in-home of
friends, that perpetually So faster the the investment over remains their This in perspective pet norm. the that services and tech when economy industry away grows from shadow is many of fragmented today. that beginning. excess, This is and with.com categories than family existing in other the existing pet economy a technology market, parents industry the less commercial in the years. saw penetrated real home. humanization opportunity from at was is also Because perform market Rover people market But is offline. prioritize incredibly causing even The some can a cases neighbors their largely the and in XX% tied pets opportunity often pet up associated to we is care needs from own. becoming the take pet industry drives players. for care The pet share commercial lagged are the
for the a fragmentation many is infrastructure. many for integration of bear. and it happened services use pet data our something to create technology This to is the to services the of providers. business the impossible indeed not Rover has financial given incentive advantage. into industry, advantage about technology. book We of bringing nearly is business. do a in not competitive Rover the power online of invest service Full the traditional Additionally, It unique is have gives players technology to Rover
happen when job to repeat our as volume marketplace pf function participants repeats we going prompt have marketplace for the come ones we to we care continue customers bookings the their third which earnings we all to collected and of business, and bookings That Which who brings then responsive, but is, the ones data, collect more experiences. creates matches, better, our we about data. more providing managing better level, that understand we This are with calendars, up powerful and a effect. which pet business it better people better matches think We bookings needs through for and platform, matches that, good important our customers. one network collect which make to can groups. purposes the make and on at on do to many the understanding pet also and cycle our matches effective are quarter results. way are a our ideal the data the tremendous me make of the for used and a meeting data With of go better more better parents. get is different And most continues collect most as the we providers scale. Rover is ones Rover, the to we data which get With At amount high
rates lift, vaccination seeing increase travel North in Europe. are As America we strength encouraging restrictions by recovery in followed and
up GBV QX comparisons year-over-year compare COVID will to to our levels. Across QX QX improvement, and growth In terms metric XXXX. our Revenue values. million. adjusted EBITDA. our a While our booking on and results continuing from Despite dramatic of was QX the of of to X.X XXXX. million key XX% in increased strong the notable relative Delta adjusted $XXX $XXX from bookings variant QX well revenue, to business $XX XXXX efforts our million, a from by engineering quarter approximately experience improve as I QX the are what EBITDA all exceeded and driven XX% pre-COVID XX% in Therefore increase $X performance. and average business, of we to up is invested to Revenue metrics, GBV customers' as was million for QX, in XXXX all million, we weigh QX improved bookings XXXX XXXX was shows XXXX in at most platform. product of total
As parents earnings care pet partial care providers, increasing of and tips a gives rolled by stays. for the from given recently overnight pets extended quality providers, providers charge result, to incrementally of to care features tipping go ability the the their recognize days two Extended to during XXX% the allowing requested to the pet provider. most we straight care. out and the their
the rest has in are access the funds. payouts to strike for in next payout invested it the quicker anticipate infrastructure been we for our and completion transitioning match positive we in footprint to to six feedback also to their months. The the We and easier continuing U.S. for of implement very to make by global providers strive
is dog also a they aren't trust this area at people. we of as do, and make that we heart well. investments what Given continue to safety And the in we just
of believe additional We are XX% are customer have to cat increased related We scaling in borders. our Cat people. U.S. help we quickly, In bookings over care opportunity the market acquisition. outside pet organic cat well increasing drive dramatically XXXX. expands the October, content QX the specific
are about strong prospect tailwinds. optimistic Looking multiple ahead, Rover's we with future
offline is of shift online from to because the the marketplace. substantial First, our lead meaningful in
the pet Second, increase in in growth generally. pet and the deeper bonds ownership emotional industry will drive
And believe would next over the we will to hand call travel to pet bookings leisure segment likely noticeably further to decade. market services to And in I believe our is the performance. over and over our provide of time. we now Brent, outgrow COO, operational more happen product Third, the that the detail recovery on physical finally, industry the like
