Wag! Group Co. (NASDAQ: PET ) Q4 2024 Earnings Conference Call: Insights and Impacts
On March 24, 2025, at 8:30 AM ET, Wag! Group Co. held its Q4 2024 earnings conference call. The call was hosted by three executives: Greg Robles, IR; Garrett Smallwood, Chairman & CEO; Adam Storm, President & Chief Product Officer; and Alec Davidian, CFO. Jeremy Hamblin of Craig-Hallum served as the conference call operator.
Company Executives’ Remarks
Garrett Smallwood: began by expressing his gratitude to shareholders for their continued support. He highlighted the company’s growth and achievements in 2024, stating that Wag! had expanded its services to 10,000 new cities, reaching a total of 50,000 cities worldwide. He also mentioned that the company had seen a significant increase in revenue, up by 45% compared to the previous year.
Adam Storm: shared that the company had focused on enhancing its product offerings, including the launch of Wag! Premium, a subscription-based service that offers additional features and benefits to pet owners. He also mentioned the successful integration of Wag! Walk!, a dog walking service, into the Wag! platform.
Alec Davidian: provided a detailed financial overview, revealing that the company had reported a net income of $12.5 million for Q4 2024, a significant improvement from the net loss of $3.5 million in Q4 2023. He also announced that the company’s revenue for the full year 2024 had reached $150 million, a 40% increase from the previous year.
Impacts on Individual Pet Owners
The successful growth and expansion of Wag! are likely to bring several benefits to individual pet owners. With the addition of Wag! Premium, pet owners can now enjoy more features and services tailored to their pets’ needs. These may include personalized meal plans, video consultations with veterinarians, and priority scheduling for pet care services.
Moreover, the expansion of Wag! services to more cities means that an increasing number of pet owners can access convenient and reliable pet care solutions. This is particularly beneficial for those who work long hours or have busy schedules, ensuring their pets receive the care and attention they need.
Impacts on the World
The growth of Wag! and the pet care industry as a whole has significant implications for the world. As more people adopt pets, the demand for convenient and reliable pet care solutions is expected to increase. Wag!’s expansion into new markets and the launch of innovative services like Wag! Premium demonstrate the company’s commitment to meeting this demand and providing pet owners with peace of mind.
Furthermore, the pet care industry’s growth contributes to the economy by creating jobs and generating revenue. According to the American Pet Products Association, the pet industry in the United States alone generated $115.6 billion in sales in 2020. With the continued growth of companies like Wag!, this number is expected to rise.
Conclusion
The Wag! Group Co. Q4 2024 earnings conference call provided valuable insights into the company’s growth, achievements, and future plans. The successful expansion of Wag!’s services and the launch of Wag! Premium demonstrate the company’s commitment to meeting the increasing demand for convenient and reliable pet care solutions. For individual pet owners, this means access to more features and benefits designed to meet their pets’ needs. For the world, the growth of the pet care industry contributes to the economy by creating jobs and generating revenue.
As the pet care industry continues to evolve, it is essential to stay informed about the latest developments and trends. By staying connected to companies like Wag! and following industry news, we can ensure that our pets receive the best possible care and that we, as pet owners, are making informed decisions for their well-being.
