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HOUSE_OVERSIGHT_014890

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Our 2017 estimates vs. street Of the 25 Internet stocks listed below in our coverage, we are above the Street on 2017 EPS on 16 stocks and below the street on 9. Table 4: 2017 BAML Estimates vs. The Street Large Cap Stocks (>$5bn Market Cap) Small Cap Stocks (<$5bn Market Cap} Ticker Metric BofA ML Street Street Ticker Metric BofA ML Street Street AMZN Revenue $164,532 $165,158 RATE Revenue $508 $505 EBITDA $18,246 $19,382 EBITDA $126 $126 EPS $10.90 $12.60 Below EPS $0.68 $0.70 Below EBAY Revenue $9,458 $9,398 CRCM Revenue $172 $172 EBITDA $3,520 $3,494 EBITDA $20 $19 EPS $2.03 $2.01 Ahead EPS $0.43 $0.36 Ahead EXPE Revenue $10,097 $10,010 FIT Revenue $1,625 $1,580 EBITDA $1,857 $1,835 EBITDA ($156) ($120) EPS $5.54 $5.38 Ahead EPS ($0.37) ($0.36) Below FB Revenue $38,546 $37,774 GRUB Revenue $650 $645 EBITDA $24,358 $23,775 EBITDA $184 $181 EPS $5.67 $5.43 Ahead EPS $1.13 $1.10 Ahead GOOGL Revenue $88 636 $87,691 GPRO Revenue $1,307 $1,266 EBITDA $43,457 $43,264 EBITDA $66 $48 EPS $41.82 $41.12 Ahead EPS $0.09 ($0.08) Ahead NFLX Revenue $11,627 $11,221 TREE Revenue $525 $515 EBITDA $1,218 $1,053 EBITDA $96 $96 EPS $1.44 $1.41 Ahead EPS $3.91 $4.00 Below PCLN Revenue $12,518 $12,447 MTCH Revenue $1,285 $1,325 EBITDA $4,784 $4,747 EBITDA $462 $459 EPS $75.35 $74.11 Ahead EPS $0.95 $0.88 Ahead SNAP Revenue $1,007 $1,034 QUOT Revenue $312 $288 EBITDA ($580) ($617) EBITDA $44 $46 EPS ($0.59) ($0.57) Ahead EPS $0.18 $0.09 Ahead TRIP Revenue $1,647 $1,649 P Revenue $1,629 $1,621 EBITDA $346 $339 EBITDA ($17) ($38) EPS $1.22 $1.23 Below EPS ($0.21) ($0.49) Ahead TWTR Revenue $2,301 $2,352 TRVG Revenue €1,105 €1,088 EBITDA $639 $564 EBITDA €44 €40 EPS $0.33 $0.27 Ahead EPS €0.05 €0.06 Below YHOO Revenue $3,369 $3,574 WIx Revenue $420 $416 EBITDA $848 $891 EBITDA $74 $64 EPS $0.65 $0.67 Below EPS $0.31 $0.36 Below ZG Revenue $1,062 $1,048 Ww Revenue $4,169 $4,237 EBITDA $215 $211 EBITDA ($48) ($59) EPS $0.48 $0.44 Ahead EPS ($1.55) ($1.65) Ahead YELP Revenue $895 $889 EBITD

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