Rover Group Inc at William Blair Growth Stock Conference Transcript

Jun 06, 2023 / 05:00PM GMT
Ralph Schackart - William Blair - Analyst

Hi, good afternoon. I'm Ralph Schackart, Internet analyst at William Blair. Thank you so much for attending our Annual Growth Stock Conference. And today, we have Brent Turner here, President and COO from Rover, to present.

For those of you -- Brent's going to go in more detail. But those of you that aren't familiar with Rover, it's a two-sided marketplace for pets, primarily dogs -- have somebody watch your dog overnight, do a drop-in, et cetera. Profitable company -- generates free cash flow, really strong balance sheet, has had pricing power.

And sort of a side note, I was told, Brent -- we have somebody that's our dog sitter for when we travel. And she just raised her price because she went on Rover to see that they were charging a lot more. So unfortunately, thanks to Brent, we're paying a lot more for our upcoming trip. So, true story here in the Midwest.

But she's $72, and Brent had said in San Francisco that it could be as expensive as $150 a night. Is that right, for overnight? So, good thing for the Midwest prices.

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