The end of an earnings season can be a great time to assess how companies are handling the current business environment and discover new stocks. Let’s take a look at how Skillz (NYSE:SKLZ) and the rest of the consumer internet stocks fared in Q3.

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 34 consumer internet stocks we track reported a weaker Q3; on average, revenues beat analyst consensus estimates by 1.2% while next quarter's revenue guidance was 1.1% below consensus. Stocks have faced challenges as investors prioritize near-term cash flows, but consumer internet stocks held their ground better than others, with the share prices up 16.5% on average since the previous earnings results.

Skillz (NYSE:SKLZ)

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

Skillz reported revenues of $36.43 million, down 39.5% year on year, falling short of analyst expectations by 8.5%. It was a weak quarter for the company, with declining users and revenue.

“We continue to make progress on our initiatives to improve the business, though our third quarter results highlight the fact that the Company still needs to improve its execution to be positioned to deliver consistent top line growth and positive cash flow,” said Andrew Paradise, Skillz’ CEO.

The stock is down 11.1% since the results and currently trades at $5.07.

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

Best Q3: 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 $3.76 billion, up 39.8% year on year, outperforming analyst expectations by 5.9%. It was a very strong quarter for the company, with impressive growth in its user base and exceptional revenue growth.

MercadoLibre achieved the fastest revenue growth among its peers. The company reported 120 million daily active users, up 36.4% year on year. The stock is up 22.4% since the results and currently trades at $1,588.99.

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

Overstock (NASDAQ:OSTK)

Originally launched as a website focusing on selling clearance sale electronics and home goods merchandise, Overstock (NASDAQ: OSTK) is a leading online retailer of home goods, primarily furniture.

Overstock reported revenues of $373.3 million, down 18.9% year on year, falling short of analyst expectations by 5.8%. It was a weak quarter for the company, with a decline in its user base and slow revenue growth.

The stock is up 9.7% since the results and currently trades at $16.78.

Read our full analysis of Overstock's results here.

LegalZoom (NASDAQ:LZ)

LegalZoom (NASDAQ:LZ) is an online platform that provides online legal services to individuals and small businesses. The company’s co-founders found it difficult and expensive to find lawyers and file paperwork when trying to start a business so they started LegalZoom instead to address this pain point.

LegalZoom reported revenues of $167.3 million, up 8.3% year on year, surpassing analyst expectations by 4.6%. It was a very good quarter for the company, with a decent beat of analysts' revenue estimates but slow topline growth.

The company reported 1.57 million users, up 10.8% year on year. The stock is up 1.4% since the results and currently trades at $10.7.

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

Snap (NYSE:SNAP)

Founded by Stanford University students Evan Spiegel, Reggie Brown, and Bobby Murphy, and originally called Picaboo, Snapchat (NYSE: SNAP) is an image centric social media network.

Snap reported revenues of $1.19 billion, up 5.3% year on year, surpassing analyst expectations by 7%. It was a strong quarter for the company, with a decent beat of analysts' revenue estimates and solid growth in its user base.

The company reported 406 million daily active users, up 11.8% year on year. The stock is up 75.6% since the results and currently trades at $17.05.

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

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The author has no position in any of the stocks mentioned