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Palantir
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $0.05 beats by $0.01.
Revenue of $525.19M (+17.8% Y/Y) beats by $19.25M.
Total revenue grew 18% year-over-year to $525 million
US revenue grew 23% year-over-year to $337 million
Commercial revenue grew 15% year-over-year to $236 million
US commercial revenue grew 26% year-over-year to $107 million
Government revenue grew 20% year-over-year to $289 million
US government revenue grew 22% year-over-year to $230 million
Customer count grew 41% year-over-year and 7% quarter-over-quarter
US commercial customer count increased 50% year-over-year, from 103 customers in Q1 2022 to 155 customers in Q1 2023
For full year 2023:
Revenue of between $2.185 - $2.235 billion vs $2.2B consensus
Adjusted income from operations of $506 - $556 million.
GAAP net income in each quarter.
For Q2 2023:
Revenue of between $528 - $532 million $536.2M consensus
Adjusted income from operations of $118 - $122 million.
GAAP net income.
PayPal
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $1.17 beats by $0.07.
Revenue of $7.04B (+8.3% Y/Y) beats by $50M.
Total Payment Volume of $355B vs. $323B a year ago.
Transactions grew 13% to 5.8B
Transactions per active account grew 13% to 53.1,vs. 47.0 last year.
FY23 Non-GAAP EPS now expected to grow ~20% to ~$4.95; up from prior guidance of ~18% growth to ~$4.87
Q2 Revenues expected to grow ~6.5%-7% on a spot basis and ~7.5%-8% FXN.
Non-GAAP EPS expected to grow 24%-26% to $1.15-$1.17, vs. consensus of $1.17, compared to $0.93 in the prior-year period.
Airbnb
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 GAAP EPS of $0.18 beats by $0.08.
Revenue of $1.82B (+20.5% Y/Y) beats by $30M.
ABNB says first GAAP profitable Q1 with $117M of net income - a $136M improvement from Q1 2022.
Gross booking value of $20.4B (+19% Y/Y).
Nights and experiences booked of 121.1M (+19% Y/Y).
Adj. EBITDA of $262M vs. $229M in Q1 2022.
Free cash flow of $1.6B (+32% Y/Y).
In Q1, total active listings grew 18% compared to the same prior year period, up from 16% in Q4 2022.
Average daily rates (ADR) was $168 in Q1 2023, flat compared to Q1 2022.
Board approved a new share repurchase authorization of up to $2.5B of class A common stock.
Q2 revenue of $2.35B to $2.45B vs. consensus of $2.42B.
ABNB expects Y/Y growth in nights and experiences booked in Q2 to be lower than its revenue growth during the quarter.
ABNB anticipates a slightly lower ADR in Q2 2023 than Q2 2022.
In Q2 2023, company expects adj. EBITDA to be similar to adj. EBITDA in Q2 2022 on a nominal basis, but lower on a margin basis.
Rivian
For the transcript and press release click HERE
Q1 Non-GAAP EPS of -$1.25 beats by $0.34.
Revenue of $661M (+595.8% Y/Y) misses by $4.28M.
In Q1, RIVN produced 9,395 vehicles and delivered 7,946 vehicles.
Generated negative gross profit of $535M for Q1 2023 as compared to -$502M for Q1 2022.
RIVN's net inventory position includes cumulative inventory write-downs of $561M and net liabilities for losses on firm purchase commitments were $261M, for a total of $822M at the end of Q1.
Ended Q1 with $11.78B in cash, cash equivalents, and restricted cash.
Outlook:
Forecasts reaching positive gross profit in 2024.
Reaffirms the annual guidance provided during its Q4 and fiscal year 2022 earnings call of 50K total units of production, -$4.30B in adj. EBITDA, and $2B million in capital expenditures.
2023 production guidance of 50K vehicles remains on track, representing a 100% increase from 2022.
Lucid
For the transcript and press release click HERE
Q1 GAAP EPS of -$0.43 misses by $0.07.
Revenue of $149.43M (+159.1% Y/Y) misses by $62.1M.
Lucid plans to manufacture more than 10,000 vehicles in 2023 and ended the quarter with approximately $4.1 billion total liquidity, which is expected to fund the Company at least into the second quarter of 2024.
"Our Q1 revenue was approximately $149 million, which represented a year-over-year increase of 159%. We ended the quarter with just over $3.4 billion in cash, cash equivalents, and investments, with total liquidity of approximately $4.1 billion, which we believe is sufficient to fund the Company at least into Q2 of 2024," said Sherry House, Lucid's CFO..
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Walt Disney
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q2 Non-GAAP EPS of $0.93 misses by $0.01.
Revenue of $21.82B (+13.4% Y/Y) in-line.
Total Disney+ Paid subscribers: 157.8M
Domestic Disney+ average monthly revenue per paid subscriber increased from $5.95 to $7.14 due to an increase in average retail pricing.
International Disney+ (excluding Disney+ Hotstar) average monthly revenue per paid subscriber increased from $5.62 to $5.93 due to a favorable foreign exchange impact, a lower mix of wholesale subscribers and an increase in wholesale pricing.
Disney+ Hotstar average monthly revenue per paid subscriber decreased from $0.74 to $0.59 due to lower per-subscriber advertising revenue.
ESPN+ average monthly revenue per paid subscriber increased from $5.53 to $5.64 driven by higher per-subscriber advertising revenue, partially offset by a higher mix of subscribers to multi-product offerings.
Hulu SVOD Only average monthly revenue per paid subscriber decreased from $12.46 to $11.73 due to lower per-subscriber advertising revenue and a higher mix of subscribers to multi-product offerings, partially offset by an increase in average retail pricing.
Hulu Live TV + SVOD average monthly revenue per paid subscriber increased from $87.90 to $92.32 primarily due to an increase in average retail pricing, partially offset by lower per-subscriber advertising revenue.
Unity
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 GAAP EPS of -$0.67 beats by $0.03.
Revenue of $500.36M (+56.3% Y/Y) beats by $20.53M.
Adjusted EBITDA of $32 million also came in ahead of guidance of $7 to $12 million and is an improvement of $55 million year-over-year.
For the balance of 2023, we expect revenue to grow faster than the markets in which we compete, with steady and meaningful continued progress on profitability.
For the second quarter, we are guiding revenue to $510 to $520 million vs. consensus of $502.73M, an increase of 72% to 75% year-over year and 6% to 8% on a pro-forma basis.
The Trade Desk
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $0.23 beats by $0.11.
Revenue of $382.8M (+21.4% Y/Y) beats by $18.47M.
Second Quarter 2023 outlook summary:
Revenue at least $452 million vs $445.63M consensus
Adjusted EBITDA of approximately $160 million
Fiverr
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $0.39 beats by $0.15.
Revenue of $88M (+1.5% Y/Y) beats by $0.3M.
Adjusted EBITDA in the first quarter of 2023 was $11.3 million, compared to $3.9 million in the first quarter of 2022. Adjusted EBITDA margin1 was 12.8% in the first quarter of 2023, compared to 4.5% in the first quarter of 2022.
Q2 2023 Outlook: Revenue of $88.0 - $90.0 million vs. consensus of $88.44M; Adjusted EBITDA of $12.0 - $14.0 million.
FY23 Outlook: Revenue of $355.0 - $365.0 million vs. consensus of $359.55M; Adjusted EBITDA of $48.0 - $56.0 million.
Roblox
For the transcript and press release click HERE
Q1 GAAP EPS of -$0.44 misses by $0.05.
Bookings of $773.82M (+22.6% Y/Y) beats by $8.45M.
Average Daily Active Users (“DAUs”) were 66.1 million, up 22% year-over-year
Hours engaged were 14.5 billion, up 23% year-over-year
Average bookings per DAU (“ABPDAU”) was $11.70, flat year-over-year, and up 2% year-over-year on a constant currency basis
Revenue was $655.3 million, up 22% year-over-year, and up 24% year-over-year on a constant currency basis
Twilio
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q1 Non-GAAP EPS of $0.47 beats by $0.26.
Revenue of $1B (+14.2% Y/Y) in-line.
More than 300,000 Active Customer Accounts as of March 31, 2023
Dollar-Based Net Expansion Rate of 106% for the first quarter of 2023 compared to Dollar-Based Net Expansion Rate of 127% for the first quarter of 2022.
Q2 Guidance: Revenue of $980M - $990M vs $1.05B consensus. Non-GAAP EPS of $0.27 - $0.31 vs.$0.29 consensus.