The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how consumer internet stocks fared in Q4, starting with Wayfair (NYSE:W).
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 35 consumer internet stocks we track reported a slower Q4; on average, revenues were in line with analyst consensus estimates. while next quarter’s revenue guidance was 1.2% below consensus. Stocks have faced challenges as investors prioritize near-term cash flows, but consumer internet stocks held their ground better than others, with the share prices up 2% on average since the previous earnings results.
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 $3.11 billion, flat year on year, in line with analyst expectations. It was a weaker quarter for the company: revenue growth regrettably slowed as management called out a difficult macro environment. The company is exercising efficiency, however, as its free cash flow of $62 million beat analysts’ estimates of break-even cash profitability.
The stock is up 29% since the results and currently trades at $62.89.
Read our full report on Wayfair here, it’s free.
Best Q4: MercadoLibre (NASDAQ:MELI)
Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.
MercadoLibre reported revenues of $4.26 billion, up 41.9% year on year, outperforming analyst expectations by 2.8%. It was an impressive quarter for the company. MercadoLibre’s robust user growth enabled it to beat analysts’ revenue, total payment volume (TPV), and gross merchandise volume (GMV) estimates.
The stock is down 17.6% since the results and currently trades at $1,500.85.
Is now the time to buy MercadoLibre? Access our full analysis of the earnings results here, it’s free.
Slowest Q4: 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 $300.4 million, down 27.3% year on year, falling short of analyst expectations by 2.8%. It was a weak quarter for the company, with a decline in its user base and slow revenue growth.
The stock is down 2.5% since the results and currently trades at $2.36.
Read our full analysis of Angi’s results here.
Chegg (NYSE:CHGG)
Started as a physical textbook rental service, Chegg (NYSE:CHGG) is now a digital platform addressing student pain points by providing study and academic assistance.
Chegg reported revenues of $188 million, down 8.4% year on year, surpassing analyst expectations by 1.1%. It was a weak quarter for the company, with a decline in its user base and slow revenue growth.
The company reported 4.6 million users, down 8% year on year. The stock is down 23.8% since the results and currently trades at $7.08.
Read our full, actionable report on Chegg here, it’s free.
Roblox (NYSE:RBLX)
Best known for its wide assortment of user-generated content, Roblox (NYSE:RBLX) is an online gaming platform and game creation system.
Roblox reported revenues of $749.9 million, up 29.5% year on year, falling short of analyst expectations by 30.4%. It was a decent quarter for the company, with revenue and EPS topping analysts’ estimates.
Roblox had the weakest performance against analyst estimates among its peers. The company reported 71.5 million daily active users, up 21.6% year on year. The stock is down 6.8% since the results and currently trades at $37.81.
Read our full, actionable report on Roblox here, it’s free.
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