11/7/2022

speaker
Maria Ritz
Analyst, Canaccord Genuity

The conference will begin shortly. To raise your hand during Q&A, you can dial star 1 1.

speaker
Operator
Conference Operator

Good day, and thank you for standing by, and welcome to the Rover Third Quarter 2022 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask us a question during the session, you'll need to press star 11 on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Walter Ruddy, VP Capital Markets and Investor Relations. Please go ahead.

speaker
Walter Ruddy
VP, Capital Markets and Investor Relations

Good afternoon. Thank you for joining us to discuss Rover's third quarter 2022 earnings results. In this call, we will be discussing the results announced in our press release issued today after the market closed, which is available on our investor relations website at investors.rover.com. As a reminder, this call is being webcast live from our investor relations website and is being recorded and will be available for replay from our investor relations website shortly after this call. With me on the call this afternoon is Aaron Easterly, Chief Executive Officer and Co-Founder, Brent Turner, President and Chief Operating Officer, and Charlie Wickers, Chief Financial Officer at Rover. Before we begin, I'd like to remind everyone that management will make certain forward-looking statements within the safe harbor of provisions of the Securities Litigation Reform Act of 1995. On this call identified by the words anticipate, expect, believe, will, may, assume, continue, plan, ongoing, and similar expressions. Forward-looking statements are based on then current expectations, estimates, forecasts, and projections in the beliefs and assumptions of management and relate to our future financial performance, such as our fourth quarter and full year 2022 financial guidance, trends for our gap and non-gap expenses as a percentage of revenue, marketing and product investments and initiatives, COVID and macroeconomic impacts, partnership and expansion opportunities, market share, other future events, and industry and market conditions, and forward-looking statements about Rover, its platform, and its domestic and international market opportunity. These forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions that could cause actual results or performance to differ materially from those expressed or implied in the forward-looking statements. We strongly encourage you to review the information that Rover files with the SEC regarding specific risks and uncertainties, in particular, those that are described in the risk factors section of Rover's second quarter 2022 10-Q, filed on August 12, 2022, and those that will be disclosed in our third quarter 2022 form 10-Q. These forward-looking statements speak only as of today. Rover undertakes no obligation to update these statements to reflect subsequent events or circumstances, except as required by law. You should not place undue reliance on our forward-looking statements as they are not guarantees of future performance. Certain information referenced in the presentation is derived from third-party publications and sources. We have not independently verified such information. Finally, during today's call, we will discuss unaudited GAAP and non-GAAP financial measures. We provide a reconciliation of the historical non-GAAP measures to the most comparable GAAP measures in our Q3 2022 earnings release and the non-GAAP reconciliation supplement, which is posted under the news and events presentations section on the investor relations portion of our website. As indicated in those reconciliations and discussed in the earnings release, beginning with the third quarter of 2022, our calculations of adjusted EBITDA and non-GAAP general and administrative expense exclude the amount of our recently announced legal settlement. The non-GAAP financial measures provided should not be considered as a substitute for or superior to GAAP financial measures. Unless otherwise noted, we will compare all Q3 2022 metrics to Q3 2021 metrics in this call. With that, let's get started. I'll now turn the call over to Aaron Easterly, co-founder and CEO. Aaron?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-