Let’s dig into the relative performance of Roku (NASDAQ: ROKU) and its peers as we unravel the now-completed Q1 consumer subscription earnings season.

Consumers today expect goods and services to be hyper-personalized and on demand. Whether it be what music they listen to, what movie they watch, or even finding a date, online consumer businesses are expected to delight their customers with simple user interfaces that magically fulfill demand. Subscription models have further increased usage and stickiness of many online consumer services.

The 7 consumer subscription stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was in line.

While some consumer subscription stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.8% since the latest earnings results.

Best Q1: Roku (NASDAQ: ROKU)

With a name meaning six in Japanese because it was the founder's sixth company that he started, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services.

Roku reported revenues of $1.25 billion, up 22.4% year on year. This print exceeded analysts’ expectations by 3.6%. Overall, it was a very strong quarter for the company with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.

Roku delivered the weakest full-year guidance update of the whole group. Interestingly, the stock is up 8.3% since reporting and currently trades at $126.20.

We think Roku is a good business, but is it a buy today? Read our full report here, it’s free.

Duolingo (NASDAQ: DUOL)

Founded by a Carnegie Mellon computer science professor and his Ph.D. student, Duolingo (NASDAQ: DUOL) is a mobile app helping people learn new languages.

Duolingo reported revenues of $292 million, up 26.5% year on year, outperforming analysts’ expectations by 1.2%. The business had a very strong quarter with a solid beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations.

Duolingo achieved the fastest revenue growth and highest full-year guidance raise among its peers. The market seems content with the results as the stock is up 1.1% since reporting. It currently trades at $112.27.

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

Weakest Q1: Netflix (NASDAQ: NFLX)

Launched by Reed Hastings as a DVD mail rental company until its famous pivot to streaming in 2007, Netflix (NASDAQ: NFLX) is a pioneering streaming content platform.

Netflix reported revenues of $12.25 billion, up 16.2% year on year, exceeding analysts’ expectations by 0.5%. Still, it was a slower quarter as it posted EPS guidance for next quarter missing analysts’ expectations significantly and revenue guidance for next quarter slightly missing analysts’ expectations.

As expected, the stock is down 17.9% since the results and currently trades at $88.46.

Read our full analysis of Netflix’s results here.

Coursera (NYSE: COUR)

Founded by two Stanford University computer science professors, Coursera (NYSE: COUR) is an online learning platform that offers courses, specializations, and degrees from top universities and organizations around the world.

Coursera reported revenues of $195.7 million, up 9.1% year on year. This number was in line with analysts’ expectations. More broadly, it was a slower quarter as it recorded revenue guidance for next quarter slightly missing analysts’ expectations and EBITDA guidance for next quarter missing analysts’ expectations significantly.

The stock is up 3% since reporting and currently trades at $6.15.

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

Bumble (NASDAQ: BMBL)

Started by the co-founder of Tinder, Whitney Wolfe Herd, Bumble (NASDAQ: BMBL) is a leading dating app built with women at the center.

Bumble reported revenues of $212.4 million, down 14.1% year on year. This result met analysts’ expectations. However, it was a slower quarter as it produced a decline in its buyers and revenue guidance for next quarter missing analysts’ expectations significantly.

Bumble had the weakest performance against analyst estimates among its peers. The company reported 3.17 million active buyers, down 21.1% year on year. The stock is down 20.1% since reporting and currently trades at $3.42.

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

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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