Let’s dig into the relative performance of LegalZoom (NASDAQ: LZ) and its peers as we unravel the now-completed Q2 online marketplace earnings season.

Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition.

The 12 online marketplace stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 1.8% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.1% since the latest earnings results.

LegalZoom (NASDAQ: LZ)

Founded by famous lawyer Robert Shapiro, LegalZoom (NASDAQ: LZ) offers online legal services and documentation assistance for individuals and businesses.

LegalZoom reported revenues of $205.3 million, up 6.6% year on year. This print was in line with analysts’ expectations, but overall, it was a softer quarter for the company with revenue and EBITDA guidance for next quarter missing analysts’ expectations significantly.

"Since late 2024, we've deliberately repositioned LegalZoom around subscription relationships that pair AI with trusted human expertise," said Jeff Stibel, Chairman and Chief Executive Officer of LegalZoom.

The market seems disappointed with the results as the stock is down 24.8% since reporting and currently trades at $6.09.

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

Best Q2: 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 $7.81 billion, up 45.7% year on year, outperforming analysts’ expectations by 8.3%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and solid growth in its users.

Sea scored the biggest analyst estimate beat in the group. The company reported 68.1 million users, up 10.2% year on year. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 14.5% since reporting. It currently trades at $112.45.

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

Slowest Q2: 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 $221.8 million, down 16.9% year on year, falling short of analysts’ expectations by 12.4%. It was a disappointing quarter, leaving some shareholders looking for more.

Shutterstock delivered the weakest performance against analyst estimates and slowest revenue growth among its peers. As expected, the stock is down 6.6% since the results and currently trades at $5.62.

Read our full analysis of Shutterstock’s results here.

ACV Auctions (NYSE: ACVA)

Founded in 2014, ACV Auctions (NYSE: ACVA) is an online auction marketplace for car dealers and wholesalers to buy and sell used cars.

ACV Auctions reported revenues of $213.9 million, up 10.4% year on year. This result missed analysts’ expectations by 0.6%. It was a slower quarter as it also recorded EBITDA guidance for next quarter missing analysts’ expectations and full-year revenue guidance meeting analysts’ expectations.

ACV Auctions pulled off the highest full-year guidance raise in the group. The stock is down 5.3% since reporting and currently trades at $6.88.

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

Teladoc (NYSE: TDOC)

Founded to help people in rural areas get online medical consultations, Teladoc Health (NYSE: TDOC) is a telemedicine platform that facilitates remote doctor’s visits.

Teladoc reported revenues of $606.9 million, down 4% year on year. This print came in 1.3% below analysts’ expectations. Overall, it was a softer quarter as it also produced revenue guidance for next quarter missing analysts’ expectations significantly and EBITDA guidance for next quarter missing analysts’ expectations significantly.

Teladoc had the weakest guidance update and weakest full-year guidance update of the whole group. The stock is down 30.8% since reporting and currently trades at $6.36.

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

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.