We look at the results for Peloton (NASDAQ:PTON), Pinterest (NYSE:PINS), and Roku (NASDAQ:ROKU). While some numbers might’ve been a bit disappointing for these businesses, the thesis for each is still very much intact.
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This video was recorded on Nov. 5, 2021.
Dylan Lewis: It’s Friday, November 5th, and we’re talking about a bunch of tech earnings. I’m your host, Dylan Lewis and I’m joined by fool.com, eager evaluator of enterprises that exceed earnings estimates, Brian Feroldi. Brian, how’s it going?
Brian Feroldi: Dylan, it’s going great. We got another tech earnings season upon us and we had an avalanche of choices for this show.
Dylan Lewis: Yeah, a lot of big moves this earnings season. I think one of the things that we had talked about early in the year, Brian, was this year looking at the results that companies put up. It’s going to be fascinating because we didn’t know what reopening was going to look like, but we did know that a ton of growth got pulled forward in 2020. Having any sense of what direction these companies are going to be going in after that growth got pulled forward, it was like throwing dart to the board.
Brian Feroldi: Yeah, tech investors could essentially do no wrong in 2020, and there are some companies out there, many of them, as we’re going to talk about, seem to do no right in 2021. To your point, all bunch of growth that should have happened in 2021 got pulled forward, and that is doing some wonky things to these companies numbers.
Dylan Lewis: Yeah, so we’re going to check-in on results from Roku, Pinterest, and oh my gosh, third company. [laughs]
Brian Feroldi: Peloton.
Dylan Lewis: Peloton. I’m going to be checking results from Peloton, Pinterest, and Roku. In the Roth we’re also going to be talking about with these results, especially some of the more jarring once that came out, what does this look like for the thesis for these companies? I know these are three heavily followed Fool stocks. Why don’t we kick things off with Roku, Brian, a business that if folks aren’t familiar with, unfortunately, they missed out on a pretty great multi-pack here recently. It’s one of the leaders in streaming …….