BarkBox Parent Revenues Grow 78% in Q3
Retail Dive | February 16, 2021
Since the start of the pandemic, the pet sector has only grown in popularity as consumers turn to their pets in times of uncertainty. As this continues into 2021, Bark will be going public after striking a deal with Northern Star Acquisition Corp . and reporting on third quarter results. Year over year growth is seen at 78%, around $105 million. Subscription shipments in the period grew 47% from last year to 1.1 million, while new subscriptions grew 66% year over year to 381,000.
"Our strong revenue growth is the result of our omni-channel sales approach, data-driven platform and consistent customer engagement," said Bark CEO Manish Joneja. "Our pending merger with Northern Star will provide BARK with the resources and capital to help capture the significant growth opportunities in our new business lines and drive continued expansion as we work towards our mission of making all dogs happy."