Wrapping up Q2 earnings, we look at the numbers and key takeaways for the online marketplace stocks, including Sea (NYSE: SE) and its peers.

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 Q2. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 1.8% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.3% since the latest earnings results.

Best Q2: 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 $7.81 billion, up 45.7% year on year. This print exceeded analysts’ expectations by 8.3%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EBITDA estimates and solid growth in its users.

Sea scored the biggest analyst estimate beat among its peers. The company reported 68.1 million users, up 10.2% year on year. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 8.7% since reporting and currently trades at $120.05.

Read why we think that Sea is one of the best online marketplace stocks, our full report is 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 $668.3 million, up 6.2% year on year, outperforming analysts’ expectations by 3.4%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates.

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 5.5% since reporting. It currently trades at $81.10.

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

Slowest Q2: 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 $221.8 million, down 16.9% year on year, falling short of analysts’ expectations by 12.4%. It was a disappointing quarter, leaving some shareholders looking for more.

Shutterstock delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. As expected, the stock is down 7.8% since the results and currently trades at $5.55.

Read our full analysis of Shutterstock’s results here.

MercadoLibre (NASDAQ: MELI)

Originally started as an online auction platform, MercadoLibre (NASDAQ: MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.

MercadoLibre reported revenues of $10.17 billion, up 49.8% year on year. This print surpassed analysts’ expectations by 4.5%. Overall, it was an exceptional quarter as it also logged a solid beat of analysts’ EBITDA estimates and impressive growth in its users.

MercadoLibre pulled off the fastest revenue growth in the group. The company reported 89 million daily active users, up 25.4% year on year. The stock is down 1.2% since reporting and currently trades at $1,899.

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

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 $3.13 billion, up 14.8% year on year. This result topped analysts’ expectations by 3.7%. More broadly, it was a satisfactory quarter as it also logged revenue guidance for next quarter beating analysts’ expectations but EPS guidance for next quarter missing analysts’ expectations.

eBay delivered the highest guidance raise among its peers. The company reported 136 million active buyers, up 1.5% year on year. The stock is down 7.2% since reporting and currently trades at $103.12.

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

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.