Internet:
AirBnB (ABNB) Q3 EPS $1.22 vs est. $0.75 on sales $2.24B vs est. $2.04B, adj EBITDA $1.1B β set quarterly records for net income and revenue; booked 79.7M nights and experiences, -7% vs 3Q19; sees Q4 revs $1.39B-$1.48B vs est. $1.44B
Expedia (EXPE) 3Q EPS $2.26 vs est. $1.65 on revs $2.96B vs est. $2.24B; results driven by superior performance from Vrbo and domestic travel; says qtrly booking trends for lodging, air and other travel products all declined sequentially, total gross bookings and total revs both increased significantly
Carvana (CVNA) Q3 EPS ($0.38) vs est. ($0.28) on revenue $3.48B (+125% YoY) vs est. $3.27B, retail units sold 111,949 (+74% YoY); expects Q4 revenue growth to be more closely aligned with retail unit growth than in Q3
MercadoLibre (MELI) 3Q EPS $1.92 vs est. $1.29 on revs $1.9B vs est. $1.86B, unique active users 78.7Mm, gr merch vol +29.7% to $7.3B on fx neutral basis, total payment vol +59% to $20.9B on FX neutral basis
Pinterest (PINS) Q3 adj EPS $0.28 vs. est. $0.23; Q3 revs $633M vs. est. $630.88M; Q3 Global Monthly Active Users grew 1% year over year to 444M vs. est. 463M; sees Q4 revenue up in high teens y/y vs. est. $874.08M; product searches were up over 100% year over year, and searches on the shop tab by gen z pinners have increased over 200% YoY
Yelp Inc. (YELP) 3Q EPS $0.24 vs est. $0.00 on revs $269Mm vs est. $251.2Mm; narrows FY revs guide to high end of range $1.02-1.03B vs est. $979Mm, sees FY adj EBITDA $233-243Mm vs est. $218Mm
Media & Telecom
Altice USA (ATUS) Q3 EPS $0.58 vs est. $0.52 on revenue $2.57B vs est. $2.51B; broadband residential customers 4.39 million, estimate 4.39 million; video residential customers 2.80 million, estimate 2.81 million; telephony residential customers 2.06 million, estimate 2.07 million
IAC Inc. (IAC) Q3 EPS $0.65 vs. est. loss ($-0.54); Q3 revs $924.1M vs. est. $869M; qtrly Angi inc. revenue increased 18% year-over-year to $462 million; qtrly DotDash revenue increased 28% year-over-year to $65 million
iHeartMedia, Inc. (IHRT) Q3 revenue $928M vs est. $911.2M, adj EBITDA $230.2M vs $162M YoY, consolidated adj EBITDA margin of 25%, +340 bps from 21% in 2Q21 and +300 bps from 22% in 3Q20; Q4 revenue expected to be +10% YoY despite comparison to strong political qtr (+22% ex-impact of Political); still expects to return to 2019 adj EBITDA levels by end of 2021
Live Nation (LYV) Q3 EPS $0.19 vs est. ($0.05) on revenue $2.7B vs est. $2.19B, all business segments returned to positive operating income, reported double-digit growth in pricing and on-site spending; Ticketmaster reported record operating income and AOI, sponsorship and ad business delivered over $100M in operating income for the first time since 3Q19
Lions Gate Entertainment (LGF.A) is exploring strategic options for its Media Networks (Starz) business; alternatives for Starz include, full or partial spin-off, split-off, issuance of tracking stock or other transactions
Qualtrics (XM)81M share Secondary priced at $42.00
WWE Inc. (WWE) 3Q EPS $0.52 vs est. $0.36 on revs $255.8Mm vs est. $258.9Mm; guides FY adj OIBDA $305-315Mm with staging of only one large-scale international event, sees FY CAPEX $60-75Mm
Technology
Avalara (AVLR) 3Q adj EPS ($0.03) vs est. ($0.07) on revs $181.2Mm vs est. $170.3Mm; guides 4Q revs $183-185Mm vs est. $181.9Mm, sees FY revs $687-689Mm vs est. $675.2Mm
com holdings (BILL) 1Q adj EPS ($0.15) vs est. ($0.21) on revs $116.4Mm vs est. $104.7Mm; guides 2Q revs $130-131Mm vs est. $117Mm, sees 2Q adj EPS loss $0.18-0.17 vs est. loss $0.23, sees FY adj EPS loss $0.80-0.77 vs est. loss $0.90
BigCommerce Holdings (BIGC) 3Q adj EPS ($0.06) vs est. ($0.14) on revs $59.3Mm vs est. $54.9Mm; sees 4Q revs $61.3-61.7Mm vs est. $60.9Mm, sees FY revs $216.2-216.6Mm vs est. $211.4Mm
Cloudflare (NET) Q3 adj flat vs. est. loss (-$0.04); Q3 revenue rose 51% YoY to $172.3M vs. est. $165.65M; Strong large customer growth, with a record addition of roughly 170 large customers in the quarter, bringing the total number of large customers to 1,260; Raises FY21 revenue view to $647M-$648M from $629M-$633M (est. $631.81M)
Cognex (CGNX) Q3 adj EPS $0.40 vs. est. $0.46; Q3 revs $284.8M vs. est. $288.2M; sees Q4 revs $210M-$230M below consensus $249.48M; gross margin for Q4-21 is expected to be in the low-70% range and below the companyβs mid-70% long-term target
DataDog (DDOG) 3Q adj EPS $0.13 vs est. $0.06 on revs $270Mm vs est. $247.7Mm; guides 4Q revs $290-292Mm vs est. $263.3Mm, sees 4Q adj EPS $0.11-0.12 vs est. $0.06
Dropbox (DBX) 3Q adj EPS $0.37 vs est. $0.24 on revs $550.2Mm vs est. $544.4Mm, qtrly total ARR ended at $2.218B
Fortinet (FTNT) 3Q adj EPS $0.99 vs est. $0.94 on revs $867.2Mm vs est. $811.5Mm; guides 4Q adj EPS $1.10-1.15 vs est. $1.16, sees 4Q revs $940-970Mm vs est. $916.5Mm; guides FY adj EPS $3.85-3.95 vs est. $3.87, sees FY revs $3.32-3.35B vs est. $3.24B
Microchip (MCHP) 2Q adj EPS $1.07 vs est. $1.06 on sales $1.65B vs est. $1.65B; sees 3Q net sales $1.716-1.782B vs est. $1.679B, sees 3Q adj EPS $1.14-1.20 vs est. $1.09
Motorola Solutions (MSI) Q3 adjusted EPS $2.35 vs. est. $2.12; Q3 revs $2.1B vs. est. $2.04B; Q3 record-ending backlog and continued business momentum position us well to finish the year with record sales, earnings, and cash flow; raises FY21 EPS view to $9.00-$9.04 from $8.88-$8.98 and boosts FY21 revenue growth view to 10%-10.25% from 9.5%-10%
nLight (LASR) 3Q adj EPS $0.08 vs est. $0.06 on revs $72.2Mm vs est. $71Mm; guides 4Q revs $66-72Mm vs est. $73Mm
NortonLifeLock Inc. (NLOK) 2Q adj EPS $0.43 vs est. $0.42 on adj revs $695Mm vs est. $695.3Mm; guides 3Q revs $695-705Mm vs est. $699.4Mm, sees 3Q adj EPS $0.42-0.44 vs est. $0.43; guides FY adj revs +9-10% vs est. +9.8%
Skyworks (SWKS) Q4 adj EPS $2.62 vs. est. $2.52; Q4 revs rose 37% to $1.31B vs. est. $1.3B; sees Q1 EPS $3.10 vs. est. $3.07; sees Q1 revs $1.475B-$1.525B vs. est. $1.5B
Synaptics (SYNA) Q1 adj EPS $2.68 vs. est. $2.59; Q1 revs $372.7M vs. est. $370.63M; sees Q2 revenue $390M-$420M vs. est. $379.67M; said qtrly non-GAAP gross margin at the highest level in the companyβs history, and non-GAAP operating margin hitting another record
Teradata (TDC) Q3 adjusted EPS $0.43 vs. est. $0.33; Q3 revs $460M vs. est. $457.53M; raises FY21 adjusted EPS view to $2.11-$2.15 from $1.92-$1.96 and affirms FY21 revenue growth view of low-single-digit to mid-single-digit percentage
Turtle Beach (HEAR) Q3 EPS 14c vs est. 5c on revenue $85.3M vs est. $78.4M; sees FY21 adj EPS $1.10-$1.45 from ~$1.55 (est. $1.56), revenue $365M-$380M from ~$385M (est. $384.9M) as they expect supply, logistics, and semiconductor challenges to impact revs by $25M-$30M
Velodyne Lidar Inc (VLDR) 3Q adj EPS ($0.19) vs est. ($0.15) on revs $13.1Mm; guides FY revs $60-63Mm vs est. $78.4Mm; pipeline of 220 projects at November 1st; says remains on track to sign three more multi-year agreements by EOY
59 Replies
11 π
12 π₯