Press Release: Roku Chief Financial Officer To Present At 53Rd Annual Nasdaq Investor Conference

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the consumer internet stocks, including Skillz 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 47 consumer internet stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was in line.

While some consumer internet stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.8% since the latest earnings results.

Skillz

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

Skillz reported revenues of $27.37 million, up 11.4% year on year. This print fell short of analysts’ expectations by 5.8%. Overall, it was a slower quarter for the company with a significant miss of analysts’ revenue and EBITDA estimates.

“Skillz’s third quarter results reflect continued progress toward our goal of delivering consistent top-line growth and positive Adjusted EBITDA,” said Andrew Paradise, Chief Executive Officer of Skillz.

Skillz delivered the weakest performance against analyst estimates of the whole group. The company reported 155,000 monthly active users, up 28.1% year on year. Unsurprisingly, the stock is down 12.6% since reporting and currently trades at $5.56.

Read our full report on Skillz here, it’s free for active Edge members.

Best Q3: EverQuote

Aiming to simplify a once complicated process, EverQuote is an online insurance marketplace where consumers can compare and purchase various types of insurance from different providers

EverQuote reported revenues of $173.9 million, up 20.3% year on year, outperforming analysts’ expectations by 4.3%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and revenue guidance for next quarter exceeding analysts’ expectations.

The market seems happy with the results as the stock is up 23.9% since reporting. It currently trades at $27.77.

Is now the time to buy EverQuote? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: ACV Auctions

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 $199.6 million, up 16.5% year on year, in line with analysts’ expectations. It was a disappointing quarter as it posted full-year revenue guidance slightly missing analysts’ expectations and full-year EBITDA guidance missing analysts’ expectations significantly.

As expected, the stock is down 3.1% since the results and currently trades at $7.90.

Read our full analysis of ACV Auctions’s results here.

Roku

With a name meaning six in Japanese because it was the founder's sixth company that he started, Roku makes hardware players that offer access to various online streaming TV services.

Roku reported revenues of $1.21 billion, up 14% year on year. This print was in line with analysts’ expectations. Overall, it was a strong quarter as it also produced EBITDA guidance for next quarter exceeding analysts’ expectations and full-year EBITDA guidance exceeding analysts’ expectations.

The company reported 36.5 billion monthly active users, up 14.1% year on year. The stock is flat since reporting and currently trades at $94.78.

Read our full, actionable report on Roku here, it’s free for active Edge members.

Etsy (NASDAQ:ETSY)

Founded by a struggling amateur furniture maker Robert Kalin and his two friends, Etsy (NASDAQ:ETSY) is one of the world’s largest online marketplaces, focusing on handmade or vintage items.

Etsy reported revenues of $678 million, up 2.4% year on year. This number topped analysts’ expectations by 3.3%. It was a strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates.

The company reported 93.16 million active buyers, down 3.7% year on year. The stock is down 30.5% since reporting and currently trades at $51.95.

Read our full, actionable report on Etsy here, it’s free for active Edge members.

What Happened?

Shares of streaming TV platform Roku fell 4.6% in the afternoon session after reports surfaced that Cathie Wood's ARK Invest sold a significant portion of its holdings in the company for the second consecutive day. The investment firm's daily trade report showed that it sold 181,303 shares of the streaming-device maker through its ARK Innovation ETF. This sale was valued at approximately $17.5 million. This action followed a smaller sale on the previous trading day, marking a continued reduction of ARK's stake in Roku. Such a move by a prominent investor often signals a shift in sentiment, which can lead other investors to sell their shares as well, putting downward pressure on the stock price.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Roku? Access our full analysis report here.

What Is The Market Telling Us

Roku’s shares are very volatile and have had 26 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 20 days ago when the stock dropped 5.6% on the news that its CEO and Chairman, Anthony J. Wood, sold a significant amount of company stock. According to a regulatory filing, Wood sold 49,888 shares for a total of about $5.2 million. The sales were made under a pre-arranged trading plan. However, large stock sales by high-level executives can sometimes make investors uneasy about a company's future. Broader industry concerns may have also played a part, as Disney's recent report highlighted the ongoing struggles in the traditional television business, potentially affecting sentiment for companies in the media sector.

Roku is up 25.5% since the beginning of the year, but at $93.48 per share, it is still trading 14% below its 52-week high of $108.63 from November 2025. Investors who bought $1,000 worth of Roku’s shares 5 years ago would now be looking at an investment worth $323.33.