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Winners And Losers Of Q4: Roku (NASDAQ:ROKU) Vs The Rest Of The Consumer Internet Stocks


Jabin Bastian /
2022/04/11 9:16 am EDT
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As Q4 earnings season comes to a close, it’s time to take stock of this quarters’ best and worst performers amongst the consumer internet stocks, including 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 17 consumer internet stocks we track reported a decent Q4; on average, revenues beat analyst consensus estimates by 2.91%, while on average next quarter revenue guidance was 0.08% under consensus. Tech stocks have had a rocky start in 2022, but consumer internet stocks held their ground better than others, with share price down 8.72% since earnings, 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 $865.3 million, up 33.1% year on year, missing analysts' expectations by 3.18%. It was a weak quarter for the company, with an underwhelming revenue guidance for the next quarter and a miss of the top line analysts' estimates.

Roku Total Revenue

Roku delivered the weakest performance against analyst estimates of the whole group. The company reported 60.1 million monthly active users, up 17.3% year on year. The stock is down 21.9% since the results and currently trades at $113.

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

Best Q4: Airbnb (NASDAQ:ABNB)

Founded by Joe Gebbia and Brian Chesky by renting out a blowup bed on the floor of their San Francisco apartment, Airbnb (NASDAQ: ABNB) is the world’s largest online marketplace for lodging, primarily homestays.

Airbnb reported revenues of $1.53 billion, up 78.3% year on year, beating analyst expectations by 5.02%. It was a stunning quarter for the company, with a very optimistic guidance for the next quarter and an exceptional revenue growth.

Airbnb Total Revenue

The company reported 73.4 million nights booked, up 58.5% year on year. The stock is down 11.2% since the results and currently trades at $159.89.

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

Slowest Q4: 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 $3.25 billion, down 11.5% year on year, missing analyst expectations by 0.75%. It was a weak quarter for the company, with declining number of users and a slow revenue growth.

Wayfair had the slowest revenue growth in the group. The company reported 27.3 million active buyers, down 12.5% year on year. The stock is down 7.24% since the results and currently trades at $112.59.

Read our full analysis of Wayfair's results here.

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 $2.98 billion, up 140% year on year, beating analyst expectations by 4.49%. It was an exceptional quarter for the company, with an impressive revenue growth.

The company reported 151 million nights booked, up 98.6% year on year. The stock is down 12.6% since the results and currently trades at $2,170.

Read our full, actionable report on Booking 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 $79.7 million, up 42.7% year on year, beating analyst expectations by 3.81%. It was a strong quarter for the company, with a growing number of users and revenue guidance for the full-year above analysts' expectations.

Fiverr had the weakest full year guidance update among the peers. The company reported 4.2 million active buyers, up 23.5% year on year. The stock is down 11.1% since the results and currently trades at $67.40.

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

The author has no position in any of the stocks mentioned