Winners And Losers Of Q3: Skillz (NYSE:SKLZ) Vs The Rest Of The Consumer Internet Stocks

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.

Looking back on consumer internet stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Expedia 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 3.3% since the latest earnings results.

Expedia

Originally founded as a part of Microsoft, Expedia is one of the world’s leading online travel agencies.

Expedia reported revenues of $4.41 billion, up 8.7% year on year. This print exceeded analysts’ expectations by 2.9%. Overall, it was a very strong quarter for the company with a solid beat of analysts’ EBITDA estimates and revenue guidance for next quarter beating analysts’ expectations.

Interestingly, the stock is up 20.1% since reporting and currently trades at $263.77.

Is now the time to buy Expedia? Access our full analysis of the earnings results 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 a solid 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 21.2% since reporting. It currently trades at $27.15.

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 7% since the results and currently trades at $7.58.

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

Alphabet

Started by Stanford students Larry Page and Sergey Brin in a Menlo Park garage, Alphabet is the parent company of the eponymous Google Search engine, Google Cloud Platform, and YouTube.

Alphabet reported revenues of $102.3 billion, up 15.9% year on year. This number beat analysts’ expectations by 2.4%. Overall, it was a very strong quarter as it also logged a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.

The stock is up 14.7% since reporting and currently trades at $316.37.

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

Lyft

Founded by Logan Green and John Zimmer as a long-distance intercity carpooling company Zimride, Lyft operates a ridesharing network in the US and Canada.

Lyft reported revenues of $1.69 billion, up 10.7% year on year. This result came in 1.2% below analysts' expectations. It was a slower quarter as it also logged a slight miss of analysts’ revenue estimates and a slight miss of analysts’ EBITDA estimates.

The company reported 28.7 million users, up 17.6% year on year. The stock is up 10.6% since reporting and currently trades at $22.24.

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

Let’s dig into the relative performance of Remitly and its peers as we unravel the now-completed Q3 consumer internet earnings season.

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 3.3% since the latest earnings results.

Remitly

With Amazon founder Jeff Bezos as an early investor, Remitly is an online platform that enables consumers to safely and quickly send money globally.

Remitly reported revenues of $419.5 million, up 24.7% year on year. This print exceeded analysts’ expectations by 1.4%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts’ EBITDA estimates but revenue guidance for next quarter slightly missing analysts’ expectations.

“In Q3, we built on the momentum from last quarter, delivering innovation across the product portfolio,” said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly.

Unsurprisingly, the stock is down 22.9% since reporting and currently trades at $12.95.

Is now the time to buy Remitly? Access our full analysis of the earnings results 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 a solid 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 21.2% since reporting. It currently trades at $27.17.

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 8% since the results and currently trades at $7.50.

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

Uber

Notoriously funded with $7.7 billion from the Softbank Vision Fund, Uber operates a platform of on-demand services such as ride-hailing, food delivery, and freight.

Uber reported revenues of $13.47 billion, up 20.4% year on year. This number beat analysts’ expectations by 1.5%. More broadly, it was a satisfactory quarter as it also recorded strong growth in its users but a slight miss of analysts’ EBITDA estimates.

The company reported 189 million users, up 17.4% year on year. The stock is down 12.3% since reporting and currently trades at $87.75.

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

Alphabet

Started by Stanford students Larry Page and Sergey Brin in a Menlo Park garage, Alphabet is the parent company of the eponymous Google Search engine, Google Cloud Platform, and YouTube.

Alphabet reported revenues of $102.3 billion, up 15.9% year on year. This print surpassed analysts’ expectations by 2.4%. It was a very strong quarter as it also produced a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.

The stock is up 14.7% since reporting and currently trades at $316.30.

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