Alphabet Leads Consumer Internet Q2 Earnings with 24.2% Revenue Growth

Earnings

โดย Yahoo Finance·

Summary · why it matters

Alphabet reported second-quarter revenues of $119.8 billion, up 24.2% year over year, beating analysts' expectations by 2.2% and posting a solid EPS beat. Among the 44 consumer internet stocks tracked, the group's revenues beat consensus estimates by 1.3% while next quarter's revenue guidance came in 3% below. Reddit delivered the biggest analyst estimate beat, highest guidance raise, and fastest revenue growth of the whole group, with revenues of $804.9 million, up 61.1% year over year, but its stock fell 13.8% since reporting. Coinbase was the weakest performer, with revenues of $1.22 billion, down 18.5% year over year and missing analysts' expectations by 5.9%, yet its stock rose 15.6% since the results. Bumble reported revenues of $210.5 million, down 15.2% year over year, in line with expectations but with a significant miss on next quarter's revenue guidance, while Snap's revenues of $1.60 billion, up 18.9% year over year, beat expectations by 3.8%.