Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Sea (NYSE: SE) and the best and worst performers in the online marketplace industry.

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 Q4. As a group, revenues beat analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

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 $6.74 billion, up 35.6% year on year. This print exceeded analysts’ expectations by 4.9%. Despite the top-line beat, it was still a slower quarter for the company with a miss of analysts’ EBITDA estimates.

“2025 has been a great year for Sea. All our businesses scaled well, exceeding our initial growth expectations. This broad-based robust growth is healthy and sustainable, underpinned by the growing scale of users that we serve. In 2025, Shopee served around 400 million active buyers and 20 million sellers. Monee gained over 20 million unique first-time borrowers. And Garena connected on average with more than 100 million players daily throughout the year,” said Forrest Li, Sea’s Chairman and Chief Executive Officer.

Unsurprisingly, the stock is down 15.1% since reporting and currently trades at $89.27.

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

Best Q4: eBay (NASDAQ: EBAY)

Originally known as the first online auction site, eBay (NASDAQ: EBAY) is one of the world’s largest online marketplaces.

eBay reported revenues of $2.97 billion, up 15% year on year, outperforming analysts’ expectations by 3%. The business had an exceptional quarter with revenue guidance for next quarter exceeding analysts’ expectations and EPS guidance for next quarter beating analysts’ expectations.

The market seems happy with the results as the stock is up 10.4% since reporting. It currently trades at $90.73.

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

Weakest Q4: 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 $220.2 million, down 12% year on year, falling short of analysts’ expectations by 12.7%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.

Shutterstock delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 6.7% since the results and currently trades at $16.11.

Read our full analysis of Shutterstock’s results here.

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 $642.3 million, flat year on year. This result topped analysts’ expectations by 1%. Aside from that, it was a softer quarter as it produced revenue guidance for next quarter missing analysts’ expectations significantly and EBITDA guidance for next quarter missing analysts’ expectations significantly.

Teladoc delivered the highest full-year guidance raise among its peers. The company reported 101.8 million users, up 8.5% year on year. The stock is up 20.5% since reporting and currently trades at $5.60.

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

Etsy (NYSE: ETSY)

Founded by a struggling amateur furniture maker Robert Kalin and his two friends, Etsy (NYSE: ETSY) is one of the world’s largest online marketplaces, focusing on handmade or vintage items.

Etsy reported revenues of $881.6 million, up 3.5% year on year. This number was in line with analysts’ expectations. Taking a step back, it was a mixed quarter as it also produced a solid beat of analysts’ EBITDA estimates but a decline in its buyers.

The company reported 93.54 million active buyers, down 2% year on year. The stock is up 22.8% since reporting and currently trades at $54.08.

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

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