46 Consumer Internet Stocks Beat Q1 Revenue Estimates by 1.2% as Shares Rise 3.1%
Updated
Updated · stockstory.org · Jul 9
46 Consumer Internet Stocks Beat Q1 Revenue Estimates by 1.2% as Shares Rise 3.1%
3 articles · Updated · stockstory.org · Jul 9
Summary
Forty-six consumer internet companies posted a satisfactory Q1, with aggregate revenue coming in 1.2% above analysts’ estimates and shares gaining 3.1% on average since results.
That modest beat was tempered by softer outlooks: next-quarter revenue guidance for the group landed 0.6% below consensus, suggesting limited momentum beyond the quarter.
Sea led the pack with $7.33 billion in revenue—up 43.2% year on year and 10.1% above estimates—while its stock has jumped 27.5% since reporting.
Shutterstock was the weakest performer, with revenue down 17.9% to $199.2 million and 10.1% below estimates; its shares have fallen 50.1% since the release.
Other notable names showed mixed market reactions: Electronic Arts missed estimates by 7.5% on $1.86 billion in revenue, while Snap and Carvana met or beat forecasts but their stocks still declined.