Rover Group (NASDAQ: ROVR) shares plummeted more than 15% after-hours on the company's disappointing outlook, while Q4 results were better than expected. EPS came in at $0.19, beating the consensus estimate of ($0.01). Revenue was $38 million, up 41% from Q4/19 (comparisons were made to 2019 due to the irregularity in the company’s 2020 business metrics caused by COVID), better than the consensus estimate of $36.5 million.

The company achieved a record Q4 GBV of $166 million, which represents a 44% increase from Q4/19. New bookings were 215,000, up 30% from Q4/19.

The company expects Q1/22 revenue to range from $25 million to $27 million, representing a year-over-year increase of 113% at the midpoint. For the full 2022-year, the company expects revenue of $160-180 million, compared to the consensus estimate of $200 million.