As we reflect back on the just completed Q4 consumer internet sector earnings season, we dig into the relative performance of 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 17 consumer internet stocks we track reported a slower Q4; on average, revenues beat analyst consensus estimates by 1.24%, while on average next quarter revenue guidance was 2.26% under consensus. There has been a stampede out of high valuation technology stocks as raising interest rates encourage investors to value profits over growth again and consumer internet stocks have not been spared, with share prices down 10.1% since the previous earnings results, on average.
Best Q4: 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 $4.05 billion, up 35.8% year on year, beating analyst expectations by 3.83%. It was an impressive quarter for the company, with growing number of users and exceptional revenue growth.
The stock is up 0.42% since the results and currently trades at $2,437.1.
Is now the time to buy Booking? Access our full analysis of the earnings results 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 $8.61 billion, up 49% year on year, beating analyst expectations by 1.18%. It was a strong quarter for the company, with exceptional revenue growth and growing number of users.
Uber scored the fastest revenue growth among its peers. The company reported 131 million paying users, up 11% year on year. The stock is down 9.38% since the results and currently trades at $31.69.
Is now the time to buy Uber? Access our full analysis of the earnings results here, it's free.
Weakest Q4: 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 $404.9 million, down 33.9% year on year, missing analyst expectations by 9.75%. It was a weak quarter for the company, with declining number of users and revenue.
Overstock had the weakest performance against analyst estimates and slowest revenue growth in the group. The company reported 5.2 million active buyers, down 35.8% year on year. The stock is down 8.31% since the results and currently trades at $19.3.
Read our full analysis of Overstock's results here.
Angi (NASDAQ:ANGI)
Created by IAC’s mergers of Angie’s List and HomeAdvisor, ANGI (NASDAQ: ANGI) operates the largest online marketplace for home services in the US.
Angi reported revenues of $441.5 million, up 6.18% year on year, missing analyst expectations by 0.67%. It was a weak quarter for the company, with declining number of users and revenue.
The company reported 6.02 million service requests, down 12.7% year on year. The stock is down 17% since the results and currently trades at $2.2.
Read our full, actionable report on Angi here, it's free.
Snap (NYSE:SNAP)
Founded by Stanford University students Evan Spiegel, Reggie Brown, and Bobby Murphy, and originally called Picaboo, Snapchat (NYSE: SNAP) is an image centric social media network.
Snap reported revenues of $1.3 billion, flat year on year, missing analyst expectations by 0.62%. It was a weak quarter for the company, with slow revenue growth and a miss of the top line analyst estimates.
The company reported 375 million daily active users, up 17.6% year on year. The stock is down 7.79% since the results and currently trades at $10.66.
Read our full, actionable report on Snap here, it's free.
The author has no position in any of the stocks mentioned