The end of an earnings season can be a great time to assess how companies are handling the current business environment and discover new stocks. Let’s have a look at how Revolve (NYSE:RVLV) and the rest of the consumer internet stocks fared in Q4.
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 that others, they have not been spared, with share prices declining 6.45% since the previous earnings results, on average.
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 $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 and growing number of users.
"2022 was the 19th full year since Mike and I founded REVOLVE, and I'm proud of our financial performance and the accomplishments our team delivered in such a dynamic operating environment," said co-founder and co-CEO Michael Mente.
The company reported 2.34 million active customers, up 27.2% year on year. The stock is up 1.01% since the results and currently trades at $24.97.
Is now the time to buy Revolve? 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 achieved the fastest revenue growth among its peers. The company reported 131 million paying users, up 11% year on year. The stock is down 6.21% since the results and currently trades at $32.8.
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 3.28% since the results and currently trades at $20.36.
Read our full analysis of Overstock's results here.
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 $1.9 billion, up 24.1% year on year, beating analyst expectations by 2.22%. It was a very strong quarter for the company, with a very optimistic guidance for the next quarter.
The company reported 88.2 million nights booked, up 20.2% year on year. The stock is up 1.88% since the results and currently trades at $123.14.
Read our full, actionable report on Airbnb 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 $4.05 billion, up 35.8% year on year, beating analyst expectations by 3.83%. It was an impressive quarter for the company, with growing number of users.
The company reported 211 million nights booked, up 39.7% year on year. The stock is up 5.95% since the results and currently trades at $2,571.32.
Read our full, actionable report on Booking here, it's free.
The author has no position in any of the stocks mentioned