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Q1 Earnings Highlights: Booking (NASDAQ:BKNG) Vs The Rest Of The Consumer Internet Stocks


Radek Strnad /
2022/06/21 4:14 am EDT
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Wrapping up Q1 earnings, we look at the numbers and key takeaways for the consumer internet stocks, including Booking (NASDAQ:BKNG) and its peers.

The ways people shop, transport, communicate, learn and play are undergoing a tremendous, technology-enabled change. Consumer internet companies are playing a key role in lives being transformed, simplified and made more accessible.

The 18 consumer internet stocks we track reported a mixed Q1; on average, revenues beat analyst consensus estimates by 1.71%, while on average next quarter revenue guidance was 2.69% under consensus. The technology sell-off has been putting pressure on stocks since November and consumer internet stocks have not been spared, with share price down 21.5% since earnings, on average.

Booking (NASDAQ:BKNG)

Formerly known as The Priceline Group, Booking Holdings (NASDAQ: BKNG) is the world’s largest online travel agency.

Booking reported revenues of $2.69 billion, up 136% year on year, beating analyst expectations by 6.61%. It was a stunning quarter for the company, with an exceptional revenue growth and growing number of users.

Booking Total Revenue

Booking achieved the fastest revenue growth of the whole group. The company reported 198 million nights booked, up 100% year on year. The stock is down 9.45% since the results and currently trades at $1,906.

We think Booking is a good business, but is it a buy today? Read our full report here, it's free.

Best Q1: Revolve (NYSE:RVLV)

Launched in 2003 by software engineers Michael Mente and Mike Karanikolas, Revolve Group (NASDAQ: RVLV) is a next generation fashion retailer that leverages social media and a community of fashion influencers to drive its merchandising strategy.

Revolve reported revenues of $283.4 million, up 58.4% year on year, beating analyst expectations by 10.4%. Despite the stock dropping on the results, it was a very strong quarter for the company, with an impressive beat of analyst estimates and an exceptional revenue growth.

Revolve Total Revenue

The company reported 2.04 million active customers, up 38.1% year on year. The stock is down 34.4% since the results and currently trades at $28.57.

Is now the time to buy Revolve? Access our full analysis of the earnings results here, it's free.

Slowest Q1: Overstock (NASDAQ:OSTK)

Originally launched as a website focusing on selling clearance sale electronics and home goods merchandise, Overstock (NASDAQ: OSTK) is a leading online retailer of home goods, primarily furniture.

Overstock reported revenues of $536 million, down 18.8% year on year, missing analyst expectations by 6.49%. It was a weak quarter for the company, with declining number of users and a slow revenue growth.

Overstock had the slowest revenue growth in the group. The company reported 7.4 million active buyers, down 25.3% year on year. The stock is down 8.34% since the results and currently trades at $28.77.

Read our full analysis of Overstock's results here.

The RealReal (NASDAQ:REAL)

Founded by consignment store aficionado Julie Wainwright, The RealReal (NASDAQ: REAL) is an online marketplace for buying and selling secondhand luxury goods.

The RealReal reported revenues of $146.7 million, up 48.4% year on year, beating analyst expectations by 7.59%. It was a very strong quarter for the company, with an exceptional revenue growth.

The RealReal achieved the highest full year guidance raise among the peers. The company reported 828 thousand paying users, up 20.5% year on year. The stock is down 40.5% since the results and currently trades at $2.62.

Read our full, actionable report on The RealReal here, it's free.

Uber (NYSE:UBER)

Born out of a winter night thought: "What if you could request a ride from your phone?" Uber (NYSE: UBER) operates a global network of on demand services, most prominently ride hailing and food delivery, and freight.

Uber reported revenues of $6.85 billion, up 136% year on year, beating analyst expectations by 12.3%. It was an exceptional quarter for the company, with an impressive beat of analyst estimates.

Uber pulled off the strongest analyst estimates beat among the peers. The company reported 115 million paying users, up 11.6% year on year. The stock is down 25.9% since the results and currently trades at $21.83.

Read our full, actionable report on Uber here, it's free.

The author has no position in any of the stocks mentioned