46 Consumer Internet Stocks Beat Q1 Revenue by 1.2% as Shares Slip 3.2%
Updated
Updated · TradingView · Jun 22
46 Consumer Internet Stocks Beat Q1 Revenue by 1.2% as Shares Slip 3.2%
2 articles · Updated · TradingView · Jun 22
Summary
Forty-six consumer internet companies posted a satisfactory Q1, with aggregate revenue topping analysts’ estimates by 1.2% even as average share prices fell 3.2% after results.
That muted market reaction came as next-quarter revenue guidance for the group ran 0.6% below consensus, tempering the earnings beat.
Airbnb delivered one of the stronger reports: revenue rose 17.9% to $2.68 billion, beat estimates by 2.2%, and its stock gained 1.2% to $142.16.
Sea led the peer group with a 10.1% revenue beat on $7.33 billion in sales and 72.6 million users, while Shutterstock was the weakest, missing by 10.1% as revenue fell 17.9% to $199.2 million.
The quarter showed a split sector picture: several companies beat on revenue and EBITDA, but softer forward guidance kept the broader consumer internet group under pressure.