Consumer Subscription Stocks Q2 Results: Benchmarking Netflix

Earnings

โดย Yahoo Finance·

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Summary · why it matters

The Q2 earnings season for consumer subscription stocks showed mixed results, with Netflix reporting revenues of $12.56 billion, up 13.4% year over year, in line with analyst expectations but delivering the weakest full-year guidance update of the group. Roku outperformed with revenues of $1.35 billion, up 21.9% year over year, beating analyst expectations by 4.4%, while Bumble reported revenues of $210.5 million, down 15.2% year over year, and Chegg reported revenues of $51.85 million, down 50.7% year over year. Duolingo reported revenues of $298.5 million, up 18.3% year over year, surpassing analyst expectations by 0.9%. On average, share prices of the seven tracked consumer subscription stocks are down 2.6% since the latest earnings results.

Duolingo Inc ▲

Impact on stocks 5

Communication Services± Mixed · 3 stocks

± MixedCapitalrelevance

Revenues in line but weakest full-year guidance update.

▼ NegativeCapitalrelevance

Q2 revenues down 15.2% YoY, missing expectations.

▲ PositiveCapitalrelevance

Q2 revenues up 21.9% YoY, beating expectations by 4.4%.

Artificial Intelligence▼ · 1 stocks

▼ NegativeCapitalrelevance

Q2 revenues down 50.7% YoY, significant decline.

Consumer Discretionary▲ · 1 stocks

▲ PositiveCapitalrelevance

Q2 revenues up 18.3% YoY, beating expectations.