Earnings Week October 31 - November 4
PayPal, Block, AMD, SoFi, Mercadolibre, Roku, Qualcomm, Twilio, Airbnb & more.
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SoFi
I covered this company on my channel — VIDEO
For the transcript and press release click HERE.
Q3 GAAP EPS of -$0.09 beats by $0.01.
Revenue of $424M (+55.9% Y/Y) beats by $32.22M.
Management now expects full-year 2022 adjusted net revenue of $1.517-1.522 billion vs. consensus of $1.50 billion (up from $1.508-1.513 billion previously) and full-year adjusted EBITDA of $115-120 million (up from $104-109 million previously).
AMD
For the transcript and press release click HERE.
Q3 Non-GAAP EPS of $0.67 misses by $0.03.
Revenue of $5.57B (+29.2% Y/Y) misses by $80M.
For the fourth quarter of 2022, AMD expects revenue to be approximately $5.5 billion, plus or minus $300 million vs. $5.94B consensus, an increase of approximately 14% year-over-year and flat sequentially.
For the full year 2022, AMD expects revenue to be approximately $23.5 billion, plus or minus $300 million from prior outlook of $26.3B vs. $23.81B consensus, an increase of approximately 43% over 2021 led by growth in the Embedded and Data Center segments.
AMD expects non-GAAP gross margin to be approximately 52% for 2022.
Airbnb
I covered this company on my channel — VIDEO
For the transcript and press release click HERE
Q3 GAAP EPS of $1.79 beats by $0.33.
Revenue of $2.88B (+28.6% Y/Y) beats by $30M.
Q3 nights and experiences booked 99.7M (+25% Y/Y).
Q3 gross booking value $15.6B (+31% Y/Y).
Says most profitable quarter ever with $1.2B of net income.
ABNB sees Q4 revenue of $1.80B to $1.88B, compared to consensus revenue estimate of $1.86B.
ABNB expects Q4 adj. EBITDA margin to be in-line to modestly higher than last year's margin of 22%.
Abbvie
For the transcript and press release click HERE
Scoreboard Investor wrote a nice summary on Commonstock
Q3 Non-GAAP EPS of $3.66 beats by $0.10.
Revenue of $14.81B (+3.3% Y/Y) misses by $130M.
Announces 2023 dividend increase of 5.0%, beginning with dividend payable in February 2023.
Etsy
For the transcript and press release click HERE
Conor Mac wrote a nice summary on Commonstock
Q3 Non-GAAP EPS of $0.58 misses by $0.19.
Revenue of $594.47M (+11.7% Y/Y) beats by $30.27M.
Q4 2022 Guidance: Revenue expected between $700M to $780M vs. consensus of $741.22M
Adjusted EBITDA Margin of ~27%; and GMS of $3.6B to $4.0B
Roku
I covered this company on my channel — VIDEO
For the transcript and press release click HERE
Q3 GAAP EPS of -$0.88 beats by $0.41.
Revenue of $761.37M (+12.0% Y/Y) beats by $67.81M.
Q4 outlook is for total net revenue of roughly $800M vs. consensus of $894.63M, total gross profit of roughly $325M and adjusted EBITDA of negative $135M.
DataDog
For the transcript and press release click HERE
Q3 Non-GAAP EPS of $0.23 beats by $0.07.
Revenue of $436.5M (+61.4% Y/Y) beats by $22.24M.
Operating cash flow was $83.6M, with free cash flow of $67.1M.
Fourth Quarter Outlook: Revenue between $445 million and $449 million vs. consensus of $447.7; Non-GAAP operating income between $56 million and $60 million; Non-GAAP net income per share between $0.18 and $0.20 vs. consensus of $0.13, assuming approximately 347 million weighted average diluted shares outstanding.
Full Year 2022 Outlook: Revenue between $1.650 billion and $1.654 billion vs. consensus of $1.63B; Non-GAAP operating income between $300 million and $304 million; Non-GAAP net income per share between $0.90 and $0.92 vs. consensus of $0.79, assuming approximately 346 million weighted average diluted shares outstanding.
Peloton
For the transcript and press release click HERE
Q1 GAAP EPS of -$1.20 misses by $0.55.
Revenue of $616.5M (-23.4% Y/Y) misses by $20.56M.
Qualcomm
For the transcript and press release click HERE
FQ4 Non-GAAP EPS of $3.13 in-line.
Revenue of $11.4B (+22.1% Y/Y) beats by $40M.
"Given the uncertainty caused by the macroeconomic environment, we are updating our guidance for calendar year 2022 3G/4G/5G handset volumes from a year-over-year mid-single-digit percentage decline, to a low double-digit percentage decline."
Q1 FY2023 revenue of $9.2B-$10B, versus consensus revenue estimate of $12.05B.
Q1 QCT revenue of $7.7B-$8.3B, QTL revenue of $1.45B-$1.65B.
QCOM expects Q1 GAAP EPS of $1.72-$1.92, non-GAAP EPS of $2.25-$2.45. The consensus EPS estimate is $3.43.
PayPal
I covered this company on my channel — VIDEO
For the transcript and press release click HERE
Q3 Non-GAAP EPS of $1.08 (vs. $1.11 Y/Y) beats by $0.12.
Revenue of $6.85B (+10.8% Y/Y) beats by $30M.
FY22 Guidance: Revenue of $27.53B from prior outlook of $27.85B vs. $27.87B Consensus.
Non-GAAP EPS of $4.07-$4.09 from prior outlook of $3.87-$3.97 vs. $3.93 consensus.
FY23 Non-GAAP EPS growth of at least 15%.
Block
I covered this company on my channel — VIDEO
For the transcript and press release click HERE
Q3 Non-GAAP EPS of $0.42 beats by $0.19.
Revenue of $4.52B (+17.7% Y/Y) beats by $50M.
Processed $54.4 billion in GPV in the third quarter of 2022, up 20% year over year.
Subscription and services-based revenue was $1.19 billion in the third quarter of 2022, up 71% year over year, and subscription and services-based gross profit was $966 million, up 70% year over year.
Mercadolibre
I covered this company on my channel — VIDEO
For the transcript and press release click HERE
Q3 GAAP EPS of $2.56 beats by $0.24.
Revenue of $2.69B (+44.6% Y/Y) misses by $10M.
Credits portfolio ended the quarter at $2.8bn, with 55% of the gross book in Consumer credit, 25% in Merchant credit and 20% in Credit Cards.
$8.6 billion Gross Merchandise Volume, up 31.5% year-over-year on an FX neutral basis.
Coinbase
For the transcript and press release click HERE
Q3 GAAP EPS of -$2.43 misses by $0.05.
Revenue of $590.34M (-54.9% Y/Y) misses by $51.54M.
Served 8.5 million MTUs in Q3, a modest decline of 0.5 million or 6% compared to Q2.
FY22 outlook: Annual Average MTUs Slightly below 9.0 million
Subscription and Services Revenue more than $700M, expect growth in our subscription and services revenue to continue as a result of the interest rate environment.
Average Transaction Revenue Per User (ATRPU) Through Q3, retail ATRPU was $24. Our full-year average outlook reflects MTU mix shift towards non-invest products resulting in full-year ATRPU of around $20.
Twilio
I covered this company on my channel — VIDEO
For the transcript and press release click HERE
Q3 Non-GAAP EPS of -$0.27 beats by $0.08.
Revenue of $983M (+32.8% Y/Y).
More than 280,000 Active Customer Accounts as of September 30, 2022, compared to more than 250,000 in the same quarter last year.
Dollar-Based Net Expansion Rate was 122% for the third quarter of 2022, compared to 131%.
Q4 Guidance: revenue of $995M-$1005M vs $1.07B consensus
Non-GAAP EPS of -$0.11 - -$0.06 vs. -$0.11 consensus