Wrapping up Q4 earnings, we look at the numbers and key takeaways for the consumer internet stocks, including Pinterest (NYSE:PINS) 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. Tech multiples have reverted to the historical mean after reaching all time levels in early 2021 and while some of the consumer internet stocks have fared somewhat better than others, they have not been spared, with share prices declining 9.85% since the previous earnings results, on average.
Created with the idea of virtually replacing paper catalogues, Pinterest (NYSE: PINS) is an online image and social discovery platform.
Pinterest reported revenues of $877.2 million, up 3.61% year on year, missing analyst expectations by 1.1%. It was a weak quarter for the company, with a miss of the top line analyst estimates and slow revenue growth.
“2022 was a solid year as we returned to MAU growth, deepened engagement and saw our personalization and relevance investments start to pay off,” said Bill Ready, Pinterest CEO.
The company reported 450 million monthly active users, up 4.4% year on year. The stock is down 9.89% since the results and currently trades at $25.16.
Read our full report on Pinterest 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 pulled off the fastest revenue growth among its peers. The company reported 131 million paying users, up 11% year on year. The stock is down 6.69% since the results and currently trades at $32.63.
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 a 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 14.6% since the results and currently trades at $17.98.
Read our full analysis of Overstock's results here.
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 $259.2 million, up 8.07% year on year, beating analyst expectations by 7.8%. It was a strong quarter for the company, with an impressive beat of analyst estimates.
The company reported 2.34 million active buyers, up 27.2% year on year. The stock is down 0.24% since the results and currently trades at $24.66.
Read our full, actionable report on Revolve here, it's free.
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 $3.1 billion, down 4.64% year on year, beating analyst expectations by 1.13%. It was a weak quarter for the company, with declining number of users and revenue .
The company reported 22.1 million active buyers, down 19% year on year. The stock is down 37.7% since the results and currently trades at $31.
Read our full, actionable report on Wayfair here, it's free.
The author has no position in any of the stocks mentioned