Looking back on consumer internet stocks' Q4 earnings, we examine this quarter's best and worst performers, including Expedia (NASDAQ:EXPE) 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. Increasing interest rates hurt growth companies as investors search for near-term cash flows and while some of the consumer internet stocks have fared somewhat better that others, they have not been spared, with share prices declining 9.57% since the previous earnings results, 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 $2.62 billion, up 14.9% year on year, missing analyst expectations by 3.04%. It was a weaker quarter for the company, with a miss of the top line analyst estimates and slow revenue growth.
“We were pleased that we were able to deliver our most profitable year in 2022, despite the friction from transforming our business model and technology platform. While our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating, and has been markedly stronger since the start of the year,” said Peter Kern, Vice Chairman and CEO, Expedia Group.
The stock is down 21.6% since the results and currently trades at $92.31.
Is now the time to buy Expedia? Access our full analysis of the earnings results here, it's free.
Best Q4: 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 7.52% since the results and currently trades at $32.34.
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 15.4% since the results and currently trades at $17.8.
Read our full analysis of Overstock's results here.
Roku (NASDAQ:ROKU)
Spun out from Netflix, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services.
Roku reported revenues of $867.1 million, flat year on year, beating analyst expectations by 8.01%. It was a decent quarter for the company, with an impressive beat of analyst estimates but slow revenue growth.
Roku pulled off the strongest analyst estimates beat among the peers. The company reported 70 million monthly active users, up 16.5% year on year. The stock is down 1.57% since the results and currently trades at $62.5.
Read our full, actionable report on Roku here, it's free.
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 $159.7 million, up 10% year on year, beating analyst expectations by 1.53%. It was a weaker quarter for the company, with an underwhelming revenue guidance for the next quarter and slow revenue growth.
The company reported 1 million paying users, up 25.2% year on year. The stock is down 2.21% since the results and currently trades at $1.33.
Read our full, actionable report on The RealReal here, it's free.
The author has no position in any of the stocks mentioned