App EconomyDatingFintechRideshareSports BettingTravel 1Q24 earnings previews: LYFT/HOOD/SE positive standouts, MTCH/BKNG negative April 12, 2024 Tom Grant April 12, 2024 This was first published April 11, in our weekly newsletter Apptopia Insight. To receive insights like this weekly, sign up here. Positive reads – Lyft’s sessions look strong, up 1% QoQ compared to expected 3% QoQ decline in Rides; Robinhood’s mobile activity spiked, up +44% YoY with growth accelerating throughout quarter; and Sea (Garena Free Fire) IAP revenue accelerated up +15% QoQ and turned positive YoY. Negative reads – Match U.S. DAUs down 7% YoY, dropping throughout quarter; Booking’s mobile activity decelerating with sessions to +15% YoY. Additional callouts – Sportsbook apps reaccelerated in 1Q (partially driven by North Carolina launch), with Fanduel looking to have gained share of DAU during the quarter. 1Q24 mobile summary Positive reads – Lyft’s (LYFT) sessions look strong, up 1% QoQ compared to expected 3% QoQ decline in Rides. Trends improved intraquarter – up to +22% YoY in March. Robinhood’s (HOOD) mobile activity spiked, up +44% YoY with growth accelerating throughout quarter. Growth ramped throughout the quarter, up to +61% YoY in March. Garena Free Fire (SE) IAP revenue accelerated up +15% QoQ and turned positive YoY. IAP revenue accelerated intraquarter, up to +8% YoY in March. Negative reads – Tinder (MTCH) U.S. DAUs down 7% YoY, dropping throughout quarter. Consensus sees flat year-over-year growth in Payers – Americas – decelerating growth could be below expectations. Booking’s (BKNG) mobile activity decelerating with sessions down to +15% YoY. Sessions are up 8% QoQ but decelerated intraquarter and U.S sessions are negative YoY in Feb/March. Questions on the underlying data included in this analysis? Data request Tom Grant