Pattern Group raised its full-year outlook after third-quarter revenue grew 38% to $886 million and adjusted EBITDA rose 40% to $57 million. The company now expects full-year revenue of about $3.5 billion, up about 40%, and adjusted EBITDA of about $220 million, up 34%. New brand partnerships hit a quarterly record, average deal size rose 41%, and revenue outside Amazon jumped 86% to about 10% of total revenue. R&D expense, excluding stock-based compensation and related taxes, rose 105%, and the company ended the quarter with $352 million in cash and no debt.
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