September 17, 2025 02:00 PM GMT Internet | North America Where Are We Trading Now: Through Conf Season...EPS Previews Ahead North America Industry View Attractive M Comp Sheet Exhibit 1: Internet Comp Sheet: North America Internet names rose +1% last week (SPX/NDX +2%/+2%) with AMZN/GOOGL/META -2%/+2%/flat. PINS -8% and LYFT +12% (conference moves), CHWY -18% (post-EPS), TTD -13% (AMZN/ NFLX partnership), and APP +19% (S&P inclusion). AMZN/ GOOGL/META 29X/23X/23X '26 EPS (-6%/+25%/-1% vs TTM avg). | M Septe ...