Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at Revolve (NYSE:RVLV) 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 38 consumer internet stocks we track reported a weaker Q4; on average, revenues missed analyst consensus estimates by 0.7%. while next quarter's revenue guidance was 1.7% below consensus. Valuation multiples for growth stocks have reverted to their historical means after reaching highs in early 2021, but consumer internet stocks held their ground better than others, with the share prices up 1.9% on average since the previous earnings results.

Revolve (NYSE:RVLV)

Launched in 2003 by software engineers Michael Mente and Mike Karanikolas, Revolve Group (NASDAQ: RVLV) is a next generation fashion retailer that leverages social media and a community of fashion influencers to drive its merchandising strategy.

Revolve reported revenues of $257.8 million, down 0.5% year on year, topping analyst expectations by 4.8%. It was a mixed quarter for the company, with a decent beat of analysts' revenue estimates but slow revenue growth.

"I'm proud of our team's accomplishments in 2023 that set us up well for 2024," said co-founder and co-CEO Mike Karanikolas.

The stock is up 14.1% since the results and currently trades at $19.93.

Is now the time to buy Revolve? Access our full analysis of the earnings results here, it's free.

Best Q4: MercadoLibre (NASDAQ:MELI)

Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.

MercadoLibre reported revenues of $4.26 billion, up 41.9% year on year, outperforming analyst expectations by 2.8%. It was an impressive quarter for the company. MercadoLibre's robust user growth enabled it to beat analysts' revenue, total payment volume (TPV), and gross merchandise volume (GMV) estimates.

The stock is down 18.3% since the results and currently trades at $1,488.

Is now the time to buy MercadoLibre? Access our full analysis of the earnings results here, it's free.

Weakest Q4: Shutterstock (NYSE:SSTK)

Originally featuring a library that included many of founder Jon Oringer’s photos, Shutterstock (NYSE:SSTK) is now a digital platform where customers can license and use hundreds of millions of pieces of content.

Shutterstock reported revenues of $217.2 million, down 0.2% year on year, falling short of analyst expectations by 3%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a decline in its user base.

The stock is down 5% since the results and currently trades at $42.25.

Read our full analysis of Shutterstock's results here.

Pinterest (NYSE:PINS)

Created with the idea of virtually replacing paper catalogues, Pinterest (NYSE: PINS) is an online image and social discovery platform.

Pinterest reported revenues of $981.3 million, up 11.9% year on year, falling short of analyst expectations by 0.9%. It was a weak quarter for the company, with a miss of analysts' revenue estimates and slow revenue growth.

The company reported 498 million monthly active users, up 10.7% year on year. The stock is down 16.6% since the results and currently trades at $33.98.

Read our full, actionable report on Pinterest here, it's free.

Nextdoor (NYSE:KIND)

Helping residents figure out what's happening on their block in real time, Nextdoor (NYSE:KIND) is a social network that connects neighbors with each other and with local businesses.

Nextdoor reported revenues of $55.56 million, up 4.3% year on year, surpassing analyst expectations by 8.6%. It was a very strong quarter for the company, with optimistic revenue guidance for the next quarter and an impressive beat of analysts' revenue estimates.

Nextdoor scored the biggest analyst estimates beat among its peers. The company reported 41.8 million daily active users, up 4.5% year on year. The stock is up 1.7% since the results and currently trades at $2.08.

Read our full, actionable report on Nextdoor here, it's free.

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