Consumer Internet Stocks Q3 Teardown: Expedia (NASDAQ:EXPE) Vs The Rest

Looking back on consumer internet stocks’ Q3 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 49 consumer internet stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 1.9% while next quarter’s revenue guidance was in line.

Thankfully, share prices of the companies have been resilient as they are up 5.4% on average since the latest earnings results.

Expedia (NASDAQ:EXPE)

Expedia reported revenues of $4.06 billion, up 3.3% year on year. This print fell short of analysts’ expectations by 1.3%. Overall, it was a slower quarter for the company with some shareholders anticipating a better outcome.

“Our third quarter results exceeded our expectations on gross bookings and earnings with revenue landing in-line. We accelerated bookings growth in our consumer business for the second consecutive quarter, and our advertising and B2B businesses continue to deliver strong double-digit growth," said Ariane Gorin, CEO of Expedia Group.

Interestingly, the stock is up 5.1% since reporting and currently trades at $183.

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Best Q3: EverQuote (NASDAQ:EVER)

EverQuote reported revenues of $144.5 million, up 163% year on year, outperforming analysts’ expectations by 3%. The business had a stunning quarter with EBITDA guidance for next quarter exceeding analysts’ expectations.

EverQuote pulled off the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 8.5% since reporting. It currently trades at $18.81.

Weakest Q3: Skillz (NYSE:SKLZ)

Skillz reported revenues of $24.56 million, down 32.6% year on year, falling short of analysts’ expectations by 7.9%. It was a disappointing quarter as it posted a decline in its users.

Skillz delivered the weakest performance against analyst estimates and slowest revenue growth in the group. The company reported 121,000 monthly active users, down 28% year on year. As expected, the stock is down 7.1% since the results and currently trades at $5.24.

Revolve (NYSE:RVLV)

Revolve reported revenues of $283.1 million, up 9.9% year on year. This print beat analysts’ expectations by 4.4%. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ EBITDA estimates and a narrow beat of analysts’ number of active customers estimates.

The company reported 2.63 million active buyers, up 4.7% year on year. The stock is up 28.8% since reporting and currently trades at $33.51.

Meta (NASDAQ:META)

Meta reported revenues of $40.59 billion, up 18.9% year on year. This number met analysts’ expectations. Aside from that, it was a satisfactory quarter as it also produced an impressive beat of analysts’ EBITDA estimates but number of daily active people in line with analysts’ estimates.

The company reported 3.29 billion daily active users, up 4.8% year on year. The stock is down 3.4% since reporting and currently trades at $572.12.

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This content was originally published on Stock Story