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Q4 Earnings: Mixed Results for Consumer Internet Stocks

Published 2 days, 6 hours ago
Description

Consumer internet stocks concluded Q4 earnings with mixed results; revenues exceeded expectations but guidance fell short, leading to a 4.8% average share price drop. LendingTree led the pack with a 22.2% revenue increase and a 11.5% stock surge, while Shutterstock lagged with a 12% revenue drop and a 4.5% stock decline. Electronic Arts and Amazon showed solid performance, while Coupangs revenues grew 10.9% but missed estimates, keeping its stock steady. Investors now await which names may rebound strongest amid broader AI concerns.

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