{"id":18857,"date":"2024-04-12T14:16:00","date_gmt":"2024-04-12T14:16:00","guid":{"rendered":"https:\/\/apptopia.com\/en\/insights\/1q24-earnings-previews-lyft-hood-se-positive-standouts-mtch-bkng-negative\/"},"modified":"2024-04-12T14:16:00","modified_gmt":"2024-04-12T14:16:00","slug":"1q24-earnings-previews-lyft-hood-se-positive-standouts-mtch-bkng-negative","status":"publish","type":"insight","link":"https:\/\/apptopia.com\/en\/insights\/1q24-earnings-previews-lyft-hood-se-positive-standouts-mtch-bkng-negative\/","title":{"rendered":"1Q24 earnings previews: LYFT\/HOOD\/SE positive standouts, MTCH\/BKNG negative\u00a0"},"content":{"rendered":"\n<p><em>This was first published April 11, in our weekly newsletter\u00a0Apptopia Insight. To receive insights like this weekly, sign up\u00a0<a href=\"https:\/\/learn.apptopia.com\/newsletter\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Positive reads &#8211;\u00a0<\/strong>Lyft&#8217;s sessions look strong, up 1% QoQ compared to expected 3% QoQ decline in Rides; Robinhood&#8217;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.\u00a0\u00a0<\/li>\n\n\n\n<li><strong>Negative reads\u00a0<em>&#8211;<\/em>\u00a0<\/strong>Match U.S. DAUs down 7% YoY, dropping throughout quarter;\u00a0Booking&#8217;s mobile activity decelerating with sessions to +15% YoY.<\/li>\n\n\n\n<li><strong>Additional callouts\u00a0&#8211;\u00a0<\/strong>Sportsbook apps reaccelerated in 1Q (partially driven by North Carolina launch), with Fanduel looking to have gained share of DAU during the quarter.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">1Q24 mobile summary<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1120\" height=\"582\" src=\"https:\/\/apptopia.com\/en\/wp-content\/uploads\/2024\/05\/1q24-earnings-summary.webp\" alt=\"\" class=\"wp-image-2745\" srcset=\"https:\/\/apptopia.com\/en\/wp-content\/uploads\/2024\/05\/1q24-earnings-summary.webp 1120w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2024\/05\/1q24-earnings-summary-300x156.webp 300w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2024\/05\/1q24-earnings-summary-1024x532.webp 1024w, https:\/\/apptopia.com\/en\/wp-content\/uploads\/2024\/05\/1q24-earnings-summary-768x399.webp 768w\" sizes=\"(max-width: 1120px) 100vw, 1120px\" \/><\/figure>\n\n\n\n<p><strong>Positive reads &#8211;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lyft&#8217;s (LYFT) sessions look strong, up 1% QoQ compared to expected 3% QoQ decline in Rides. Trends improved intraquarter &#8211; up to +22% YoY in March.\u00a0<\/li>\n\n\n\n<li>Robinhood&#8217;s (HOOD) mobile activity spiked, up +44% YoY with growth accelerating throughout quarter. Growth ramped throughout the quarter, up to +61% YoY in March.\u00a0<\/li>\n\n\n\n<li>Garena Free Fire (SE) IAP revenue accelerated up +15% QoQ and turned positive YoY. IAP revenue accelerated intraquarter, up to +8% YoY in March.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Negative reads &#8211;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tinder (MTCH) U.S. DAUs down 7% YoY, dropping throughout quarter. Consensus sees flat year-over-year growth in Payers &#8211; Americas &#8211; decelerating growth could be below expectations.\u00a0<\/li>\n\n\n\n<li>Booking&#8217;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.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Questions on the underlying data included in this analysis?<\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/engage.apptopia.com\/custom-research-request\" target=\"_blank\" rel=\"noreferrer noopener\">Data request<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This was first published April 11, in our weekly newsletter\u00a0Apptopia Insight. To receive insights like this weekly, sign up\u00a0here. 1Q24 mobile summary Positive reads &#8211; Negative reads &#8211;&nbsp; Questions on the underlying data included in this analysis?<\/p>\n","protected":false},"author":21,"featured_media":2746,"comment_status":"open","ping_status":"open","template":"","insight_category":[213,84,86,229],"insight_tag":[235,233,236],"class_list":["post-18857","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-app-economy","insight_category-dating","insight_category-fintech","insight_category-sports-betting","insight_tag-digital-transformation","insight_tag-macro-trends","insight_tag-mobile-channel-check"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>1Q24 earnings previews: LYFT\/HOOD\/SE positive standouts, MTCH\/BKNG negative\u00a0 - Apptopia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/apptopia.com\/en\/insights\/1q24-earnings-previews-lyft-hood-se-positive-standouts-mtch-bkng-negative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1Q24 earnings previews: LYFT\/HOOD\/SE positive standouts, MTCH\/BKNG negative\u00a0 - Apptopia\" \/>\n<meta property=\"og:description\" content=\"This was first published April 11, in our weekly newsletter\u00a0Apptopia Insight. 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