Consumer Internet Stocks Beat Q1 Revenue by 1.2% as Shares Fall 7.4%
Updated
Updated · stockstory.org · Jun 8
Consumer Internet Stocks Beat Q1 Revenue by 1.2% as Shares Fall 7.4%
1 articles · Updated · stockstory.org · Jun 8
Summary
45 consumer internet companies topped Q1 revenue estimates by an average 1.2%, while next-quarter guidance was broadly in line and the group’s shares still fell 7.4% after results.
Alphabet helped anchor the beat: revenue rose 21.8% to $109.9 billion, 2.7% above expectations, and its stock gained 4.1% to $364.28 after reporting.
Sea delivered the strongest upside, with revenue up 43.2% to $7.33 billion—9.9% above estimates—as users climbed 12.4% to 72.6 million and the stock added 1.8%.
Coinbase was the weakest outlier, with revenue down 29.7% to $1.41 billion and 6.3% below forecasts, sending the shares down 21.4% to $151.58.
The uneven stock reaction came as investors rotated from AI-related worries toward geopolitical risk, with the US-Iran conflict shifting focus to oil, inflation and broader market stability.