The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Airbnb (NASDAQ: ABNB) and the rest of the consumer internet stocks fared in Q2.
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 44 consumer internet stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 3% below.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5% since the latest earnings results.
Airbnb (NASDAQ: ABNB)
Founded by Brian Chesky and Joe Gebbia in their San Francisco apartment, Airbnb (NASDAQ: ABNB) is the world’s largest online marketplace for lodging, primarily homestays.
Airbnb reported revenues of $3.61 billion, up 16.5% year on year. This print exceeded analysts’ expectations by 0.8%. Overall, it was a strong quarter for the company with a decent beat of analysts’ EBITDA estimates and solid growth in its bookings.
Interestingly, the stock is up 10.9% since reporting and currently trades at $168.21.
We think Airbnb is a good business, but is it a buy today? Read our full report here, it’s free.
Best Q2: Alphabet (NASDAQ: GOOGL)
Started by Stanford students Larry Page and Sergey Brin in a Menlo Park garage, Alphabet (NASDAQ: GOOGL) is the parent company of the eponymous Google Search engine, Google Cloud Platform, and YouTube.
Alphabet reported revenues of $119.8 billion, up 24.2% year on year, outperforming analysts’ expectations by 2.2%. The business had a stunning quarter with an impressive beat of analysts’ EPS estimates.
However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $345.33.
Is now the time to buy Alphabet? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: Coinbase (NASDAQ: COIN)
Widely regarded as the face of crypto, Coinbase (NASDAQ: COIN) is a blockchain infrastructure company updating the financial system with its trading, staking, stablecoin, and other payment solutions.
Coinbase reported revenues of $1.22 billion, down 18.5% year on year, falling short of analysts’ expectations by 5.9%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates.
Coinbase delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 1.6% since the results and currently trades at $166.20.
Read our full analysis of Coinbase’s results here.
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 $7.35 billion, up 8.1% year on year. This number beat analysts’ expectations by 2.2%. It was a strong quarter as it also recorded an impressive beat of analysts’ EBITDA estimates and solid growth in its bookings.
The company reported 325 million nights booked, up 5.2% year on year. The stock is down 11.5% since reporting and currently trades at $171.98.
Read our full, actionable report on Booking here, it’s free.
Match Group (NASDAQ: MTCH)
Originally started as a dial-up service before widespread internet adoption, Match (NASDAQ: MTCH) was an early innovator in online dating and today has a portfolio of apps including Tinder, Hinge, Archer, and OkCupid.
Match Group reported revenues of $853.1 million, down 1.2% year on year. This result was in line with analysts’ expectations. Aside from that, it was a mixed quarter as it also produced EBITDA guidance for next quarter topping analysts’ expectations but a decline in its users.
The company reported 13.3 million users, down 5.7% year on year. The stock is up 4.9% since reporting and currently trades at $43.27.
Read our full, actionable report on Match Group here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
