Rover Group raises FY23 revenue view to $230M-$232M from $222M-$227M

Consensus $225.97M. Raises FY23 revenue view to $46M-$48M from $37M-$41M. The company said, “Both the low and high ends of guidance incorporate a moderated impact of macroeconomic headwinds compared to guidance provided in August 2023. The updated guidance range also incorporates a full year of normalized marketing expenses and operating costs compared to a partial year of each in 2022.”