As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the consumer internet industry, including Booking (NASDAQ: BKNG) 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 46 consumer internet stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 3.7% below.

While some consumer internet stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.7% since the latest earnings results.

Booking (NASDAQ: BKNG)

Formerly known as The Priceline Group, Booking Holdings (NASDAQ: BKNG) is the world’s largest online travel agency.

Booking reported revenues of $6.35 billion, up 16% year on year. This print exceeded analysts’ expectations by 3.6%. Overall, it was a very strong quarter for the company with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates.

The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $4,310.

We think Booking is a good business, but is it a buy today? Read our full report here, it’s free.

Best Q4: LendingTree (NASDAQ: TREE)

Using the same comparison model that revolutionized travel booking, LendingTree (NASDAQ: TREE) operates an online platform that connects consumers with financial service providers across mortgages, personal loans, credit cards, insurance, and other financial products.

LendingTree reported revenues of $319.7 million, up 22.2% year on year, outperforming analysts’ expectations by 11.5%. The business had an incredible quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.

LendingTree delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 9.7% since reporting. It currently trades at $41.41.

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

Weakest Q4: Robinhood (NASDAQ: HOOD)

With a mission to democratize finance, Robinhood (NASDAQ: HOOD) is an online consumer finance platform known for its commission-free stock and crypto trading.

Robinhood reported revenues of $1.28 billion, up 26.5% year on year, falling short of analysts’ expectations by 3.9%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and EBITDA estimates.

As expected, the stock is down 13% since the results and currently trades at $74.44.

Read our full analysis of Robinhood’s results here.

Expedia (NASDAQ: EXPE)

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

Expedia reported revenues of $3.55 billion, up 11.4% year on year. This result beat analysts’ expectations by 3.8%. Overall, it was an exceptional quarter as it also produced a solid beat of analysts’ EBITDA estimates and revenue guidance for next quarter beating analysts’ expectations.

The company reported 94 million nights booked, up 8.8% year on year. The stock is up 6.4% since reporting and currently trades at $241.71.

Read our full, actionable report on Expedia here, it’s free.

Alphabet (NASDAQ: GOOGL)

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

Alphabet reported revenues of $113.8 billion, up 18% year on year. This number topped analysts’ expectations by 2.2%. It was a very strong quarter as it also logged an impressive beat of analysts’ revenue estimates and a decent beat of analysts’ EPS estimates.

The stock is down 7.7% since reporting and currently trades at $307.30.

Read our full, actionable report on Alphabet here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.