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Winners And Losers Of Q2: Booking (NASDAQ:BKNG) Vs The Rest Of The Consumer Internet Stocks


Kayode Omotosho /
2022/09/26 4:13 am EDT
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Earnings results often give us a good indication of what direction the company will take in the months ahead. With Q2 now behind us, let’s have a look at 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 slower Q2; on average, revenues were in line with analyst consensus estimates, while on average next quarter revenue guidance was 8.04% under consensus. Technology stocks have been hit hard on fears of higher interest rates as investors search for near-term cash flows and consumer internet stocks have not been spared, with share prices down 17.5% since the previous earnings results, 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 $4.29 billion, up 98.7% year on year, missing analyst expectations by 1.28%. Despite missing topline expectations, it was a solid quarter for the company, with an exceptional revenue growth and growing number of users.

Booking Total Revenue

The company reported 246 million nights booked, up 56.6% year on year. The stock is down 15% since the results and currently trades at $1,670.

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

Best Q2: Expedia (NASDAQ:EXPE)

Originally founded as a part of Microsoft, Expedia (NASDAQ: EXPE) is one of the world’s leading online travel agencies.

Expedia reported revenues of $3.18 billion, up 50.6% year on year, beating analyst expectations by 6.42%. It was a stunning quarter for the company, with an exceptional revenue growth and growing number of users.

Expedia Total Revenue

The company reported 79.1 million nights booked, up 39.7% year on year. The stock is down 10.4% since the results and currently trades at $91.69.

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

Slowest Q2: 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 $528.1 million, down 33.6% year on year, missing analyst expectations by 12%. It was a weak quarter for the company, with declining number of users and a slow revenue growth.

Overstock had the weakest performance against analyst estimates and slowest revenue growth in the group. The company reported 6.5 million active buyers, down 29.4% year on year. The stock is down 15.1% since the results and currently trades at $23.99.

Read our full analysis of Overstock's results here.

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 $1.11 billion, up 13.1% year on year, missing analyst expectations by 2.07%. It was a weak quarter for the company, with a miss of the top line analyst estimates and a slow revenue growth.

The company reported 347 million daily active users, up 18.4% year on year. The stock is down 36.9% since the results and currently trades at $10.32.

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

Fiverr (NYSE:FVRR)

Based in Tel Aviv, Fiverr (NYSE: FVRR) operates a fixed price global freelance marketplace for digital services.

Fiverr reported revenues of $85 million, up 12.9% year on year, missing analyst expectations by 1.85%. It was a weak quarter for the company, with an underwhelming revenue guidance for both the next quarter and the full year.

Fiverr had the weakest full year guidance update among the peers. The company reported 4.2 million active buyers, up 5% year on year. The stock is down 16.6% since the results and currently trades at $30.90.

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

The author has no position in any of the stocks mentioned