Wrapping up Q1 earnings, we look at the numbers and key takeaways for the consumer internet stocks, including Take-Two (NASDAQ: TTWO) 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 45 consumer internet stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.2% while next quarter’s revenue guidance was in line.

While some consumer internet stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3% since the latest earnings results.

Take-Two (NASDAQ: TTWO)

Best known for its Grand Theft Auto and NBA 2K franchises, Take Two (NASDAQ: TTWO) is one of the world’s largest video game publishers.

Take-Two reported revenues of $1.58 billion, flat year on year. This print exceeded analysts’ expectations by 1.5%. Despite the top-line beat, it was still a slower quarter for the company with full-year revenue and EBITDA guidance missing analysts’ expectations significantly.

Take-Two delivered the weakest full-year guidance update of the whole group. The stock is down 8.4% since reporting and currently trades at $218.00.

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

Best Q1: Sea (NYSE: SE)

Founded in 2009 and a publicly traded company since 2017, Sea (NYSE: SE) started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia.

Sea reported revenues of $7.33 billion, up 43.2% year on year, outperforming analysts’ expectations by 9.9%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA and revenue estimates.

Sea pulled off the biggest analyst estimate beat among its peers. The company reported 72.6 million users, up 12.4% year on year. The market seems happy with the results as the stock is up 8.1% since reporting. It currently trades at $91.72.

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

Weakest Q1: 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 $199.2 million, down 17.9% year on year, falling short of analysts’ expectations by 10.2%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and EBITDA estimates.

Shutterstock delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 11.1% since the results and currently trades at $15.67.

Read our full analysis of Shutterstock’s results here.

Upwork (NASDAQ: UPWK)

Formed through the 2013 merger of Elance and oDesk, Upwork (NASDAQ: UPWK) is an online platform where businesses and independent professionals connect to get work done.

Upwork reported revenues of $195.5 million, up 1.4% year on year. This print met analysts’ expectations. Aside from that, it was a mixed quarter as it also recorded an impressive beat of analysts’ EBITDA estimates but full-year revenue guidance missing analysts’ expectations significantly.

The stock is down 17.7% since reporting and currently trades at $8.73.

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

Cars.com (NYSE: CARS)

Originally started as a joint venture between several media companies including The Washington Post and The New York Times, Cars.com (NYSE: CARS) is a digital marketplace that connects new and used car buyers and sellers.

Cars.com reported revenues of $180.2 million, flat year on year. This number was in line with analysts’ expectations. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ EBITDA estimates and revenue in line with analysts’ estimates.

The company reported 19,390 active buyers, up 0.7% year on year. The stock is down 9% since reporting and currently trades at $10.19.

Read our full, actionable report on Cars.com 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.

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