Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Booking (NASDAQ:BKNG) 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 50 consumer internet stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was in line.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 27.7% since the latest earnings results.
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 $5.47 billion, up 14.4% year on year. This print exceeded analysts’ expectations by 5.4%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ EBITDA estimates.
The stock is down 17.5% since reporting and currently trades at $4,143.
We think Booking is a good business, but is it a buy today? Read our full report here, it’s free.
Best Q4: Carvana (NYSE:CVNA)
Known for its glass tower car vending machines, Carvana (NYSE:CVNA) provides a convenient automotive shopping experience by offering an online platform for buying and selling used cars.
Carvana reported revenues of $3.55 billion, up 46.3% year on year, outperforming analysts’ expectations by 6.2%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates.
The stock is down 35.9% since reporting. It currently trades at $180.70.
Is now the time to buy Carvana? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Skillz (NYSE:SKLZ)
Taking a new twist at video gaming, Skillz (NYSE:SKLZ) offers developers a platform to create and distribute mobile games where players can pay fees to compete for cash prizes.
Skillz reported revenues of $20.37 million, down 34.5% year on year, falling short of analysts’ expectations by 18.7%. 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 110,000 monthly active users, down 19.7% year on year. As expected, the stock is down 30.4% since the results and currently trades at $3.55.
Read our full analysis of Skillz’s results here.
Netflix (NASDAQ:NFLX)
Launched by Reed Hastings as a DVD mail rental company until its famous pivot to streaming in 2007, Netflix (NASDAQ: NFLX) is a pioneering streaming content platform.
Netflix reported revenues of $10.25 billion, up 16% year on year. This print surpassed analysts’ expectations by 1.1%. Zooming out, it was a slower quarter as it recorded EPS guidance for next quarter missing analysts’ expectations.
The company reported 301.6 million users, up 15.9% year on year. The stock is flat since reporting and currently trades at $867.84.
Read our full, actionable report on Netflix here, it’s free.
Robinhood (NASDAQ:HOOD)
With a mission to democratize finance, Robinhood (NASDAQ:HOOD) is an online consumer finance platform known for its commission-free stock and crypto trading.
Robinhood reported revenues of $1.01 billion, up 115% year on year. This number topped analysts’ expectations by 7.7%. Overall, it was an exceptional quarter as it also produced a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ number of funded customers estimates.
The company reported 25.2 million users, up 7.7% year on year. The stock is down 37.7% since reporting and currently trades at $34.86.
Read our full, actionable report on Robinhood here, it’s free.
Market Update
Thanks to the Fed’s rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn’t send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump’s November win lit a fire under major indices and sent them to all-time highs. However, there’s still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy.
Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
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