Looking back on consumer internet stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Expedia (NASDAQ:EXPE) 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 49 consumer internet stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 1.9% while next quarter’s revenue guidance was in line.
Thankfully, share prices of the companies have been resilient as they are up 5.4% on average since the latest earnings results.
Expedia (NASDAQ:EXPE)
Originally founded as a part of Microsoft, Expedia (NASDAQ:EXPE) is one of the world’s leading online travel agencies.
Expedia reported revenues of $4.06 billion, up 3.3% year on year. This print fell short of analysts’ expectations by 1.3%. Overall, it was a slower…
