Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Udemy (NASDAQ: UDMY) and the best and worst performers in the consumer subscription industry.

Consumers today expect goods and services to be hyper-personalized and on demand. Whether it be what music they listen to, what movie they watch, or even finding a date, online consumer businesses are expected to delight their customers with simple user interfaces that magically fulfill demand. Subscription models have further increased usage and stickiness of many online consumer services.

The 8 consumer subscription stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 2.1% above.

Thankfully, share prices of the companies have been resilient as they are up 8.1% on average since the latest earnings results.

Udemy (NASDAQ: UDMY)

With courses ranging from investing to cooking to computer programming, Udemy (NASDAQ: UDMY) is an online learning platform that connects learners with expert instructors who specialize in a wide range of topics.

Udemy reported revenues of $194 million, down 3% year on year. This print was in line with analysts’ expectations, and overall, it was a very strong quarter for the company with a solid beat of analysts’ EBITDA estimates and revenue in line with analysts’ estimates.

“Udemy demonstrated strong execution in Q4 and throughout 2025, creating tangible momentum toward becoming the system of record for helping companies upskill their workforce in an increasingly AI-driven world,” said Udemy President & CEO Hugo Sarrazin.

Udemy delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 5.6% since reporting and currently trades at $4.95.

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

Best Q4: Roku (NASDAQ: ROKU)

With a name meaning six in Japanese because it was the founder's sixth company that he started, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services.

Roku reported revenues of $1.39 billion, up 16.1% year on year, outperforming analysts’ expectations by 3%. The business had an exceptional quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.

Roku pulled off the biggest analyst estimates beat among its peers. The company reported 37.9 billion service requests, up 11.1% year on year. The market seems happy with the results as the stock is up 22.5% since reporting. It currently trades at $101.61.

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

Weakest Q4: Duolingo (NASDAQ: DUOL)

Founded by a Carnegie Mellon computer science professor and his Ph.D. student, Duolingo (NASDAQ: DUOL) is a mobile app helping people learn new languages.

Duolingo reported revenues of $282.9 million, up 35% year on year, exceeding analysts’ expectations by 2.5%. Still, it was a softer quarter as it posted full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.

As expected, the stock is down 15.8% since the results and currently trades at $98.87.

Read our full analysis of Duolingo’s results here.

Bumble (NASDAQ: BMBL)

Started by the co-founder of Tinder, Whitney Wolfe Herd, Bumble (NASDAQ: BMBL) is a leading dating app built with women at the center.

Bumble reported revenues of $224.2 million, down 14.3% year on year. This print topped analysts’ expectations by 1.2%. Overall, it was an exceptional quarter as it also recorded EBITDA guidance for next quarter exceeding analysts’ expectations.

The company reported 3.78 million active buyers, down 9.6% year on year. The stock is up 24.5% since reporting and currently trades at $3.54.

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

Chegg (NYSE: CHGG)

Started as a physical textbook rental service, Chegg (NYSE: CHGG) is now a digital platform addressing student pain points by providing study and academic assistance.

Chegg reported revenues of $72.66 million, down 49.4% year on year. This result surpassed analysts’ expectations by 2.3%. It was a strong quarter as it also logged EBITDA guidance for next quarter exceeding analysts’ expectations.

Chegg had the slowest revenue growth among its peers. The stock is flat since reporting and currently trades at $0.75.

Read our full, actionable report on Chegg 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 Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.