20129

Q2 Earnings Highlights: Roku (NASDAQ:ROKU) Vs The Rest Of The Consumer Internet Stocks


Jabin Bastian /
2022/09/19 3:17 am EDT
Add to Watchlist

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 Roku (NASDAQ:ROKU) 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 missed analyst consensus estimates by 0.27%, while on average next quarter revenue guidance was 8.04% under consensus. Tech stocks have been hit the hardest as investors start to value profits over growth and while some of the consumer internet stocks have fared somewhat better than others, they have not been spared, with share price declining 7.12% since the previous earnings results, on average.

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 $764.4 million, up 18.4% year on year, missing analyst expectations by 5%. It was a weak quarter for the company, with an underwhelming revenue guidance for the next quarter and a miss of the top line analyst estimates.

Roku Total Revenue

The company reported 63.1 million active accounts, up 14.5% year on year. The stock is down 15.6% since the results and currently trades at $71.92.

Is now the time to buy Roku? Access our full analysis of the earnings results 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 0.05% since the results and currently trades at $102.30.

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 a 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 6.15% since the results and currently trades at $26.55.

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 $515.7 million, up 22.5% year on year, beating analyst expectations by 4.11%. Despite the topline results beating estimates, it was a slower quarter for the company, with declining number of users.

The company reported 8.49 million service requests, down 9.78% year on year. The stock is down 46.9% since the results and currently trades at $3.25.

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

Wayfair (NYSE:W)

Launched in 2002 by founder Niraj Shah, Wayfair (NYSE: W) is a leading online retailer for mass market home goods in the US, UK, Canada, and Germany.

Wayfair reported revenues of $3.28 billion, down 14.9% year on year, beating analyst expectations by 3.01%. It was a weak quarter for the company, with a declining number of users and a slow revenue growth.

The company reported 23.6 million active buyers, down 24.2% year on year. The stock is down 29.6% since the results and currently trades at $45.30.

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

The author has no position in any of the stocks mentioned