Earnings Week Aug. 7 - Aug. 11
Palantir, Lucid, Rivian, Twilio, Roblox, Disney, Alibaba & More.
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Palantir
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q2 Non-GAAP EPS of $0.05 in-line.
Revenue of $533.32M (+12.8% Y/Y) in-line.
Commercial revenue grew 10% year-over-year to $232 million
US commercial revenue grew 20% year-over-year to $103 million
Government revenue grew 15% year-over-year to $302 million
International government revenue grew 31% year-over-year to $76 million
Customer count grew 38% year-over-year and 8% quarter-over-quarter
US commercial customer count increased 35% year-over-year, from 119 customers in Q2 2022 to 161 customers in Q2 2023
Lucid Motors
For the transcript and press release click HERE
Q2 GAAP EPS of -$0.40 misses by $0.04.
Revenue of $150.87M (+55.1% Y/Y) misses by $54.14M.
Q2 revenue of $150.9 million driven by customer deliveries of 1,404 vehicles in the quarter
Rivian
For the transcript and press release click HERE
Q2 Non-GAAP EPS of -$1.08 beats by $0.31.
Revenue of $1.12B (+207.7% Y/Y) beats by $110M.
In the second quarter of 2023, the company produced 13,992 and delivered 12,640 vehicles. This represents a nearly 50% increase in production as compared to the prior quarter. This increase was supported by the continued ramp of our in-house Enduro motor line supporting 100% of our commercial vehicle line as single motor variants and our Dual-Motor R1 variants.
2023 Outlook:
Based on the progress of production ramp, including the ramp of in-house motor, along with the latest understanding of the supply chain, the company is increasing production guidance to 52,000 from prior 50,000.
The company is improving Adj. EBITDA guidance to $(4,200) million.
Twilio
For the transcript and press release click HERE
Q2 Non-GAAP EPS of $0.54 beats by $0.24.
Revenue of $1.04B (+10.2% Y/Y) beats by $52.83M.
Q3 Guidance:
Revenue of $980M - $990M vs $1.02B consensus.
Non-GAAP EPS of $0.33 - $0.37 vs.$0.30 consensus.
Hims & Hers Analysis
Roblox
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q2 GAAP EPS of -$0.46 misses by $0.02.
Bookings of $780.69M (+22.0% Y/Y) beats by $2.72M.
Revenue was $680.8 million, up 15% year-over-year, and up 17% year-over-year on a constant currency basis
Average Daily Active Users (“DAUs”) were 65.5 million, up 25% year-over-year.
Average monthly unique payers were 13.5 million, up 19% year-over-year.
Hours engaged were 14.0 billion, up 24% year-over-year.
Average bookings per DAU (“ABPDAU”) was $11.92, down 3% year-over-year, and down 2% year-over-year on a constant currency basis.
Average bookings per monthly unique payer was $19.32, up 3% year-over-year, and also up 3% year-over-year on a constant currency basis.
Walt Disney
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q3 Non-GAAP EPS of $1.03 beats by $0.06.
Revenue of $22.33B (+3.9% Y/Y) misses by $200M.
Domestic Disney+ average monthly revenue per paid subscriber increased from $7.14 to $7.31 due to higher per-subscriber advertising revenue.
International Disney+ (excluding Disney+ Hotstar) average monthly revenue per paid subscriber increased from $5.93 to $6.01 due to an increase in average retail pricing and a favorable foreign exchange impact, partially offset by a higher mix of wholesale subscribers.
ESPN+ average monthly revenue per paid subscriber decreased from $5.64 to $5.45 due to lower per-subscriber advertising revenue and a higher mix of subscribers to multi-product offerings.
Hulu SVOD Only average monthly revenue per paid subscriber increased from $11.73 to $12.39 due to higher per-subscriber advertising revenue.
Hulu Live TV + SVOD average monthly revenue per paid subscriber decreased from $92.32 to $91.80.
The Trade Desk
For the transcript and press release click HERE
Q2 Non-GAAP EPS of $0.28 beats by $0.02.
Revenue of $464M (+23.1% Y/Y) beats by $9.03M.
Customer retention remained over 95% during the second quarter, as it has for the past nine consecutive years
Third Quarter 2023 outlook summary:
Revenue at least $485 million vs $479.61M consensus
Adjusted EBITDA of approximately $185 million
Alibaba
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q1 Non-GAAP EPADS of $2.40 beats by $0.39.
Revenue of $32.29B (+14.0% Y/Y) beats by $1.08B.
DataDog
For the transcript and press release click HERE
Q2 Non-GAAP EPS of $0.36 beats by $0.08.
Revenue of $509M (+25.3% Y/Y) beats by $7.96M.
Operating cash flow was $153.2 million, with free cash flow of $141.7 million.
Third Quarter 2023 Guidance
Revenue between $521 million and $525 million vs. consensus of $535.50M.
Non-GAAP operating income between $98 million and $102 million.
Non-GAAP net income per share between $0.33 and $0.35 vs. consensus of $0.29.
Full Year 2023 Outlook:
Revenue between $2.05 billion and $2.06 billion vs. consensus of $2.09B.
Non-GAAP operating income between $390 million and $400 million.
Non-GAAP net income per share between $1.30 and $1.34 vs. consensus of $1.18
Celsius
For the transcript and press release click HERE
Q2 GAAP EPS of $0.52 beats by $0.24.
Revenue of $326M (+111.7% Y/Y) beats by $48.81M.