As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the consumer internet industry, including Alphabet (NASDAQ: GOOGL) 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 45 consumer internet stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was in line.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
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 $113.8 billion, up 18% year on year. This print exceeded analysts’ expectations by 2.2%. Overall, it was a very strong quarter for the company with a solid beat of analysts’ revenue estimates and a decent beat of analysts’ EPS estimates.
Unsurprisingly, the stock is down 10.7% since reporting and currently trades at $297.28.
Best Q4: LendingTree (NASDAQ: TREE)
Using the same comparison model that revolutionized travel booking, LendingTree (NASDAQ: TREE) operates an online platform that connects consumers with financial service providers across mortgages, personal loans, credit cards, insurance, and other financial products.
LendingTree reported revenues of $319.7 million, up 22.2% year on year, outperforming analysts’ expectations by 11.5%. The business had an incredible quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
LendingTree pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 11.3% since reporting. It currently trades at $42.01.
Is now the time to buy LendingTree? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: 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 $1.28 billion, up 26.5% year on year, falling short of analysts’ expectations by 3.9%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.
As expected, the stock is down 10.7% since the results and currently trades at $76.45.
Read our full analysis of Robinhood’s results here.
Chegg (NYSE: CHGG)
Started as a physical textbook rental service, Chegg (NYSE: CHGG) is now a digital platform addressing student pain points by providing study and academic assistance.
Chegg reported revenues of $72.66 million, down 49.4% year on year. This print beat analysts’ expectations by 2.3%. It was a strong quarter as it also logged EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Chegg had the slowest revenue growth among its peers. The stock is down 16.5% since reporting and currently trades at $0.63.
Read our full, actionable report on Chegg here, it’s free.
Udemy (NASDAQ: UDMY)
With courses ranging from investing to cooking to computer programming, Udemy (NASDAQ: UDMY) is an online learning platform that connects learners with expert instructors who specialize in a wide range of topics.
Udemy reported revenues of $194 million, down 3% year on year. This number met analysts’ expectations. Overall, it was a very strong quarter as it also put up an impressive beat of analysts’ EBITDA estimates and revenue in line with analysts’ estimates.
The stock is up 3.9% since reporting and currently trades at $4.88.
Read our full, actionable report on Udemy here, it’s free.
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