Let’s dig into the relative performance of Expedia NASDAQ:EXPE and its peers as we unravel the now-completed Q1 consumer internet earnings season.
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 46 consumer internet stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.2% while next quarter’s revenue guidance was 0.6% below.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
Expedia NASDAQ:EXPE
Originally founded as a part of Microsoft, Expedia NASDAQ:EXPE is one of the world’s leading online travel agencies.
Expedia reported revenues of $3.43 billion, up 14.7% year on year. This print exceeded analysts’ expectations by 2.2%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ EBITDA estimates and revenue guidance for next quarter slightly topping analysts’ expectations.
Interestingly, the stock is up 3.6% since reporting and currently trades at $262.
Best Q1: Sea NYSE:SE
Founded in 2009 and a publicly traded company since 2017, Sea NYSE:SE started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia.
Sea reported revenues of $7.33 billion, up 43.2% year on year, outperforming analysts’ expectations by 10.1%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates and solid growth in its users.
Sea pulled off the biggest analyst estimate beat among its peers. The company reported 72.6 million users, up 12.4% year on year. The market seems happy with the results as the stock is up 7.7% since reporting. It currently trades at $91.40.
Weakest Q1: Shutterstock NYSE:SSTK
Originally featuring a library that included many of founder Jon Oringer’s photos, Shutterstock NYSE:SSTK is now a digital platform where customers can license and use hundreds of millions of pieces of content.
Shutterstock reported revenues of $199.2 million, down 17.9% year on year, falling short of analysts’ expectations by 10.1%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates.
Shutterstock delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 18.3% since the results and currently trades at $14.40.
ACV Auctions NYSE:ACVA
Founded in 2014, ACV Auctions NYSE:ACVA is an online auction marketplace for car dealers and wholesalers to buy and sell used cars.
ACV Auctions reported revenues of $204.2 million, up 11.8% year on year. This result beat analysts’ expectations by 1.1%. Taking a step back, it was a mixed quarter as it also produced an impressive beat of analysts’ EBITDA estimates but EBITDA guidance for next quarter missing analysts’ expectations significantly.
The stock is up 35.9% since reporting and currently trades at $7.09.
Coupang NYSE:CPNG
Founded in 2010 by Harvard Business School student Bom Kim, Coupang NYSE:CPNG is an e-commerce giant often referred to as the "Amazon of South Korea".
Coupang reported revenues of $8.50 billion, up 7.5% year on year. This number lagged analysts’ expectations by 0.6%. More broadly, it was actually a satisfactory quarter as it recorded a solid beat of analysts’ EBITDA estimates.
The company reported 23.9 million active buyers, up 2.1% year on year. The stock is down 14.9% since reporting and currently trades at $17.68.