#NEWS ROVER PORTS PRO#

GAAP net loss and net loss margin of $8.1 million and (29%), compared to a GAAP net loss and net loss margin of $10.6 million and (87%) in Q1 2021.ДЄdjusted EBITDA and Adjusted EBITDA Margin of ($4.8) million and (17%), compared to ($4.4) million and (36%) in Q1 2021. Repeat bookings increased 82% to 984,000, compared to 541,000. New and Repeat Bookings had record first quarters with Total Bookings increasing 81% to 1.2 million, compared to 0.6 million in Q1 2021. Gross bookings value (GBV) grew 137% to $154 million, compared to $65 million in Q1 2021. Despite Omicron persisting into the first quarter of 2022, driving softened demand and an elevated cancellation rate of 13%, this was RoverвЂ™s strongest Q1 in revenue. Revenue increased 128% to $28 million, compared to $12 million in Q1 2021.

We remain optimistic about our future growth opportunities, including continued international expansion, and have confidence in our ability to execute.вЂќ

вЂњWe continue to manage the business for long-term enterprise value and are investing in marketing initiatives to capture more of our expanding market. вЂњI am pleased with our strong first quarter results as the business performed better than we projected on our key financial metrics, despite the impact from COVID, including the recent Omicron variant,вЂќ said Rover co-founder and CEO, Aaron Easterly. (вЂњRoverвЂќ) (NASDAQ: ROVR), the worldвЂ™s largest online marketplace for pet care, today announced financial results for the first quarter ended March 31, 2022. SEATTLE, (GLOBE NEWSWIRE) - Rover Group, Inc. The car has twin-valve active dampers too.First quarter revenue increases to $28 million, up 128% from first quarter 2021ДЇirst quarter GBV of $154 million, up 137% from first quarter 2021ДЇirst quarter new bookings of 179,000, up 76% from first quarter 2021

The new SUV sports a dynamic air suspension with switchable volume air springs, which the automaker claims are a first for a Range Rover. The automaker claims to offer an adaptive off-road cruise control on the new SUV for the first time. ThereвЂ™s also a feature to create personal sound zones for the cabin occupants with 4 headrest speakers that listen and provide ambient noise cancelling sounds. Land Rover has also provided the luxury SUV with a Meridian Signature Sound System and a new cabin air purification system.

In addition to this, thereвЂ™s also a 13.7-inch interactive display for the driver. This infotainment system also gets updated Amazon Alexa2, which allows controlling various settings using voice commands.

#NEWS ROVER PORTS PRO#

The new car also gets a 13.1-inch floating display with haptic feedback at the centre that features a Pivi Pro infotainment system for controlling navigation, media and vehicle settings. Prof Gerry McGovern OBE, Chief Creative Officer, Jaguar Land Rover, said, вЂњOur latest Range Rover Sport embraces fully our modernist approach of vehicle design whilst amplifying its unquestionable sporting and confident characterвЂќ The 2022 Range Rover Sport, which is based on Land RoverвЂ™s Modular Longitudinal Architecture (MLA-Flex), includes a dynamic toolkit and technologies to govern the new SUVвЂ™s integrated chassis control system, said the company in a statement.

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