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A Look Back at Consumer Internet Stocks' Q1 Earnings: Expedia (NASDAQ:EXPE) Vs The Rest Of The Pack


Adam Hejl /
2022/06/17 3:27 am EDT
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As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today we are looking at the consumer internet stocks, starting with Expedia (NASDAQ:EXPE).

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 24.8% since earnings, on average.

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 $2.24 billion, up 80.4% year on year, missing analyst expectations by 0.06%. It was an impressive quarter for the company, with an exceptional revenue growth and growing number of users.

“As we have seen many times during Covid, this quarter was a tale of two stories. There was early impact from Omicron leftover from late last year, which faded as the turnaround in demand reached new highs since the start of Covid. While the war in Ukraine did slow some of the recovery in Europe, there too we see travel at new highs since the start of the pandemic. All in, while we are keeping an eye on various macro indicators including inflation and ongoing geopolitical tensions, we continue to see positive indicators for a strong recovery in leisure travel this summer. We are also pleased to see city, business, and international travel coming back, three components key to the complete return of travel,” said Peter Kern, Vice Chairman and CEO, Expedia Group.

Expedia Total Revenue

The company reported 56.5 million room nights, up 52.2% year on year. The stock is down 44.5% since the results and currently trades at $96.90.

We think Expedia 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 37.5% since the results and currently trades at $27.21.

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 10.8% since the results and currently trades at $27.98.

Read our full analysis of Overstock's results here.

Fiverr (NYSE:FVRR)

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

Fiverr reported revenues of $86.6 million, up 26.8% year on year, missing analyst expectations by 0.01%. It was a weak quarter for the company, with revenue guidance for both the next quarter and the full year below analysts' estimates.

Fiverr had the weakest full year guidance update among the peers. The company reported 4.2 million active buyers, up 10.5% year on year. The stock is down 19.8% since the results and currently trades at $32.75.

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

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.

Booking scored the fastest revenue growth among the peers. The company reported 198 million nights booked, up 100% year on year. The stock is down 11.9% since the results and currently trades at $1, 846.

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

The author has no position in any of the stocks mentioned