Record EBITDA Improvement
BARK delivered its 10th consecutive quarter of year-over-year adjusted EBITDA improvement, with a $4.9 million improvement compared to last year. The company is on track to achieve its first full year of adjusted EBITDA profitability.
Commerce Segment Growth
The Commerce segment delivered $20.3 million in revenue, representing a 43% increase year-over-year and up 27% year-to-date. This growth was driven by new partnerships and increased shelf space.
D2C New Subscriptions Increase
The direct-to-consumer segment achieved its highest quarter for new subscriptions in three years, up 11% year-over-year at a lower acquisition cost.
Successful Platform Transition
Early results from transitioning all paid media traffic to the new Shopify platform were positive, with 43% of checkouts using Shop Pay, a feature not available on legacy platforms.
Gross Margin Improvement
Consolidated gross margin improved to 63%, up 90 basis points compared to last year, enabling more efficient investment in top-line growth.
International Expansion
BARK expanded its presence internationally, including launching on Amazon Europe and entering markets like Fressnapf in Europe and Pets at Home in the UK.