
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the gig economy industry, including Angi (NASDAQ:ANGI) and its peers.
The iPhone changed the world, ushering in the era of the “always-on” internet and “on-demand” services - anything someone could want is just a few taps away. Likewise, the gig economy sprang up in a similar fashion, with a proliferation of tech-enabled freelance labor marketplaces, which work hand and hand with many on demand services. Individuals can now work on demand too. What began with tech-enabled platforms that aggregated riders and drivers has expanded over the past decade to include food delivery, groceries, and now even a plumber or graphic designer are all just a few taps away.
The 6 gig economy stocks we track reported a softer Q4. As a group, revenues missed analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was 0.6% below.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17.8% since the latest earnings results.
Angi (NASDAQ:ANGI)
Created by IAC’s mergers of Angie’s List and HomeAdvisor, ANGI (NASDAQ: ANGI) operates the largest online marketplace for home services in the US.
Angi reported revenues of $240.8 million, down 10.1% year on year. This print fell short of analysts’ expectations by 1.2%. Overall, it was a softer quarter for the company with a slight miss of analysts’ revenue and EBITDA estimates.
Angi delivered the slowest revenue growth of the whole group. Unsurprisingly, the stock is down 35.5% since reporting and currently trades at $7.72.
Read our full report on Angi here, it’s free.
Best Q4: Uber (NYSE:UBER)
Notoriously funded with $7.7 billion from the Softbank Vision Fund, Uber (NYSE:UBER) operates a platform of on-demand services such as ride-hailing, food delivery, and freight.
Uber reported revenues of $14.37 billion, up 20.1% year on year, in line with analysts’ expectations. The business performed better than its peers, but it was unfortunately a mixed quarter with strong growth in its users.
Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 3.1% since reporting. It currently trades at $75.51.
Is now the time to buy Uber? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Fiverr (NYSE:FVRR)
Based in Tel Aviv, Fiverr (NYSE:FVRR) operates a fixed price global freelance marketplace for digital services.
Fiverr reported revenues of $107.2 million, up 3.4% year on year, falling short of analysts’ expectations by 1.7%. It was a disappointing quarter as it posted full-year revenue and EBITDA guidance missing analysts’ expectations.
Fiverr delivered the weakest full-year guidance update in the group. The company reported 3.1 million active buyers, down 13.9% year on year. As expected, the stock is down 18.6% since the results and currently trades at $10.66.
Read our full analysis of Fiverr’s results here.
DoorDash (NASDAQ:DASH)
Founded by Stanford students with the intent to build “the local, on-demand FedEx", DoorDash (NASDAQ:DASH) operates an on-demand food delivery platform.
DoorDash reported revenues of $3.96 billion, up 37.7% year on year. This result missed analysts’ expectations by 1.1%. It was a softer quarter as it also recorded a slight miss of analysts’ revenue estimates and EBITDA guidance for next quarter missing analysts’ expectations.
DoorDash delivered the fastest revenue growth among its peers. The company reported 903 million service requests, up 31.8% year on year. The stock is up 4.5% since reporting and currently trades at $181.25.
Read our full, actionable report on DoorDash here, it’s free.
Lyft (NASDAQ:LYFT)
Founded by Logan Green and John Zimmer as a long-distance intercity carpooling company Zimride, Lyft (NASDAQ: LYFT) operates a ridesharing network in the US and Canada.
Lyft reported revenues of $1.59 billion, up 2.7% year on year. This number came in 9.1% below analysts' expectations. Overall, it was a softer quarter as it also logged a significant miss of analysts’ revenue estimates and EBITDA guidance for next quarter missing analysts’ expectations significantly.
Lyft had the weakest performance against analyst estimates among its peers. The company reported 29.2 million users, up 18.2% year on year. The stock is down 14.3% since reporting and currently trades at $14.44.
Read our full, actionable report on Lyft 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.
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