Q4 Earnings Outperformers: Robinhood (NASDAQ:HOOD) And The Rest Of The Consumer Internet Stocks

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 Robinhood (NASDAQ:HOOD) and the rest of the consumer internet stocks fared in Q4.

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 mixed Q4. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17% since the latest earnings results.

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 $1.01 billion, up 115% year on year. This print exceeded analysts’ expectations by 7.7%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ number of funded customers estimates.

“We hit the gas on product development in 2024 with a new platform for active traders, Gold Card launch, an expanded UK and EU product suite, and much more,” said Vlad Tenev, CEO and Co-Founder of Robinhood.Robinhood Total Revenue

The stock is down 28.3% since reporting and currently trades at $40.10.

Read why we think that Robinhood is one of the best consumer internet stocks, our full report is free.

Best Q4: Carvana (NYSE:CVNA)

Known for its glass tower car vending machines, Carvana (NYSE:CVNA) provides a convenient automotive shopping experience by offering an online platform for buying and selling used cars.

Carvana reported revenues of $3.55 billion, up 46.3% year on year, outperforming analysts’ expectations by 6.2%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates.Carvana Total Revenue

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 40.4% since reporting. It currently trades at $167.87.

Is now the time to buy Carvana? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Skillz (NYSE:SKLZ)

Taking a new twist at video gaming, Skillz (NYSE:SKLZ) offers developers a platform to create and distribute mobile games where players can pay fees to compete for cash prizes.

Skillz reported revenues of $20.37 million, down 34.5% year on year, falling short of analysts’ expectations by 18.7%. It was a disappointing quarter as it posted a decline in its users and a significant miss of analysts’ number of paying monthly active users estimates.

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Skillz delivered the weakest performance against analyst estimates and slowest revenue growth in the group. The company reported 110,000 monthly active users, down 19.7% year on year. As expected, the stock is down 10.2% since the results and currently trades at $4.58.

Read our full analysis of Skillz’s results here.

Shutterstock (NYSE:SSTK)

Originally featuring a library that included many of founder Jon Oringer’s photos, Shutterstock (NYSE:SSTK) is now a digital platform where customers can license and use hundreds of millions of pieces of content.

Shutterstock reported revenues of $250.3 million, up 15.2% year on year. This number lagged analysts' expectations by 1.5%. It was a softer quarter as it also recorded a decline in its requests and a miss of analysts’ EBITDA estimates.

The company reported 33 million service requests, down 6.8% year on year. The stock is down 23% since reporting and currently trades at $18.81.

Read our full, actionable report on Shutterstock here, it’s free.

ACV Auctions (NASDAQ:ACVA)

Founded in 2014, ACV Auctions (NASDAQ:ACVA) is an online auction marketplace for car dealers and wholesalers to buy and sell used cars.

ACV Auctions reported revenues of $159.5 million, up 34.8% year on year. This print surpassed analysts’ expectations by 2.4%. Zooming out, it was a slower quarter as it logged full-year EBITDA guidance missing analysts’ expectations.

The company reported 183,497 units sold, up 27.4% year on year. The stock is down 31.6% since reporting and currently trades at $14.10.

Read our full, actionable report on ACV Auctions here, it’s free.

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