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Monday, November 8
The Trade Desk
Full report here
@StockMarketNerd summarized it perfectly here
Stock ended the week up 19.4%
Paypal
Full report here
Revenue of $6.18B vs. $6.21B growing 13% YOY & EPS of $1.11 vs. $1.07 estimated growing 4% YOY.
TPV of $310 billion, growing 26%, and 24% on an FX-neutral basis
13.3 million Net New Active Accounts (NNAs) added; ended the quarter with 416 million active accounts
Operating Cash Flow of $1.51 billion, growing 15%; Free Cash Flow of $1.29 billion, growing 20%
Outlook
Revenue expected to grow ~18% in the range of ~$25.3 billion to ~$25.4 billion and end the year with >430M active accounts
TPV growth now expected to be in the range of ~33%-34% at current spot rates and ~31%-32% on an FXN basis
Venmo users in the U.S. will be able to pay with Venmo on Amazon.com starting in 2022
Stock ended the week down 8.6%
Roblox
Full report here
Revenue increased 102% YOY to $509.3 million
Net loss attributable to common stockholders was $74.0 million
Net cash provided by operating activities of $181.2 million; Free cash flow increased 7% over Q3 2020 to $170.6 million.
Bookings increased 28% over Q3 2020 to $637.8 million
Average Daily Active Users (DAUs) were 47.3 million, an increase of 31% year over year:
Hours Engaged were 11.2 billion, an increase of 28% year over year
Average Bookings per DAU (ABPDAU) was $13.49
Stock ended the week up 36%
Lemonade
In the video, I cover the most important topics of this Q as well as the acquisition of Metromile.
Stock ended the week down 6.7%
Tuesday, November 9
Palantir
Full report here
Total revenue grew 36% YOY to $392 million
Added 34 net new customers in Q3
Commercial customer count grew 46% QOQ
US commercial revenue grew 103% YOY
Cash flow from operations of $101 million, representing a 26% margin
Adjusted free cash flow of $119 million, representing a 30% margin
Closed 54 deals of $1 million or more, of which:
33 deals are $5 million or more
18 deals are $10 million or more
Adjusted earnings per share, diluted of $0.04
Outlook
Total revenue grew 44% year-over-year to $1.1 billion
Commercial customer count increased 135% since December 31, 2020
Cash flow from operations of $240 million, representing a 22% margin
Adjusted free cash flow of $320 million, representing a 29% margin
Stock ended the week down 13%
Nio
Full report here
Revenue: $1.52 billion +177% YOY
Vehicle Margin: 18% vs 14.5% YoY
Gross Profit: $309 million +240% YOY
Net loss: $130 million -20% YOY
Deliveries: 24,439 +100% YOY
Outlook
Q4 Deliveries: 23,500 to 25,500 +35% to 47% YOY
Revenue: $1.46 billion to $1.57 billion +41% to 52% YOY
Stock ended the week up 0.5%
Coinbase
Full report here
In Q3, Verified Users grew to 73 million and retail Monthly Transacting Users (MTUs) were 7.4 million. The number of institutions and ecosystem partners using Coinbase also continued to grow nicely.
Generating $1.2 billion in net revenue, marking the third consecutive quarter of over $1 billion in net revenue. This includes $1.1 billion in transaction revenue and $145 million in Subscription and services revenue. Net income and Adjusted EBITDA were $406 million and $618 million, respectively.
Outlook
We believe that retail MTUs and total trading volume will be higher in Q4 as compared to Q3.
For the full year:
High Average 2021 retail MTUs of 8.5 million.
Low Average 2021 retail MTUs of 8.0 million.
Stock ended the week down 1.8%
Upstart
Full report here
Do you know who summarized it well? ;) Brad. Take a look
Stock ended the week down 22.5%
Unity
Unity reported revenue of $286.3 million, up 43% year over year (YOY).
Create solutions segment revenue grew 34% YOY to $83.7 million.
Operate solutions segment revenue grew 54% YOY to $185.0 million.
Strategic partnerships and other segment revenue came in at $17.6 million, a decrease of 3% YOY.
Customers generating more than $100,000 of revenue in the trailing 12 months reached 973, up from 739 the year prior.
Dollar-based net expansion rate came in at 142%, down from 144% one year earlier.
As for the full year, Unity now expects to grow revenue by 40%, which is a big increase from the start of the year, when it was expecting growth closer to 20%.
More on the Weta Digital acquisition in the video.
Stock ended the week up 26%
Wednesday, November 10
Fiverr
Full report here and video
Revenue for the quarter was $73.3 million, up 42% year over year, active buyers reached 4.1 million, and spend per buyer is up 20% year over year (YOY) to $234. The most impressive metrics to me are take rate and gross margins, which stand at 28.4% and 84.4% respectively.
What made this earnings report even better is that it beat guidance comfortably and that management raised its full-year guidance. Last quarter, management lowered guidance for Q3 and for the year because it didn't yet realize the unprecedented nature of post-pandemic hyper-seasonality.
More on it in the video.
Stock ended the week up 21%
SoFi
In the video, you’ll get everything you need to know (5min watch) or @StockMarketNerd summarized it here
Stock ended the week up 0.6%
Affirm
Full report here
Total revenue was $269.4 million, a 55% increase
Total revenue less transaction costs1 was $112.1 million, compared to $55.3 million last year.
Active Merchants increased from 6,500 to 102,000 and Active Consumers by 124% to 8.7 million YOY.
Grows Year-Over-Year GMV by 84%, or 138% Excluding Largest Merchant.
Transactions per active consumer increased 8% to 2.3.
Outlook
Stock ended the week down 10%
Thursday, November 11
Wix
Full report here
Q3'21 Revenue of $321 million, up 26% YOY
Creative Subscriptions revenue in the third quarter of 2021 was $241.3 million, up 19% YOY
Business Solutions revenue in the third quarter of 2021 was $79.5 million, up 55% YOY
Q3'21 Collections of $373 million, up 33% YOY
Creative Subscriptions collections in the third quarter of 2021 were $292.7 million, up 28% YOY
Business Solutions collections in the third quarter of 2021 were $80.6 million, up 53% YOY
Increasing number of businesses are relying on Wix as their full operating system.
B2B partnerships emerging as an incremental sustainable go-to-market strategy and growth driver as companies turn to Wix to deliver technology solutions and add value to their users.
Increasing full year outlook for revenue and collections due to confidence in recent improvements.
Outlook
Stock ended the week up 1.9%
Friday, November 12
Coupang
Full report here
Total Net Revenues was $4.6 billion, up 48% year over year (YoY).
Constant currency revenue growth was 44%. We grew more than twice as fast as the 20% growth rate of the Korean e-commerce segment.
Active customers grew at least 20% YoY for the 15th straight quarter.
Active customers purchasing across 6 or more categories doubled in Q3 from two years ago.
Gross margin expanded 130 basis points YoY to 16.2% and Gross Profit increased 62% YoY to $755 million
Advertising revenue nearly tripled YoY in Q3.
Fulfillment center infrastructure for Rocket Fresh, our fresh grocery offering, increased by nearly 90% year-to-date through Q3 and is on track to double in 2021.
Coupang Eats is the most downloaded mobile app for iOS and the second most downloaded mobile app for Android in Korea in 2021 to date.
Stock ended the week down 10%
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