Multibagger

Research · refreshed nightly · July 28, 2026

The Internet Platforms Still Compounding (July 2026)

Internet platforms still compounding.

Network effects age at different speeds. Reddit tops our 14 internet platforms still compounding with an MGI of 70 on 39% revenue growth, while Meta, the most entrenched network of all at a $1.45 trillion cap, sits tenth at 49. The index measures room left to compound, not dominance already banked.

Between those poles the median is 59, one of the stronger groups in this set. The per-share column is where the ranking earns its keep: Reddit's 39% headline shrinks to 5% per share once new stock is counted, while MercadoLibre's 35% survives fully intact. Click any name for the full citation-backed analysis.

35companies qualify
53median MGI
5joined this week

The ranking

Sorted by MGI
1
MercadoLibre, Inc.MELI🇺🇾
Revenue +35%/yr · +35%/yr per share · scale economics
G 73V 72O 84Cap $90.0B
2
Reddit, Inc.RDDT🇺🇸
Revenue +39%/yr · +5%/yr per share · asset light
G 70V 69O 75Cap $30.2B
3
KANZHUN LIMITEDBZ🇨🇳
Revenue +15%/yr · +2%/yr per share · asset light
G 68V 61O 73Cap $7.0B
4
Accelerant HoldingsARX🇺🇸
Revenue +59%/yr · +51%/yr per share · asset light
G 68V 70O 75Cap $3.1B
5
Rightmove plcRMV.GB🇬🇧
Revenue +16%/yr · +18%/yr per share · asset light
G 64V 63O 70Cap $4.9B
6
Spotify Technology S.A.SPOT🇸🇪
Revenue +13%/yr · +11%/yr per share · scale economics
G 63V 61O 68Cap $107.6B
7
ACV Auctions Inc.ACVA🇺🇸
Revenue +17%/yr · +10%/yr per share · asset light
G 62V 65O 67Cap $1.4B
8
Airbnb, Inc.ABNB🇺🇸
Revenue +16%/yr · +16%/yr per share · asset light
G 61V 64O 68Cap $82.0B
9
Full Truck Alliance Co. Ltd.YMM🇨🇳
Revenue +22%/yr · +12%/yr per share · asset light
G 59V 64O 65Cap $9.7B
10
Scout24 SEG24.DE🇩🇪
Revenue +12%/yr · +16%/yr per share · asset light
G 59V 59O 64Cap $5.6B
11
Pinterest, Inc.PINS🇺🇸
Revenue +11%/yr · +12%/yr per share · asset light
G 58V 77O 64Cap $11.8B
12
DoorDash, Inc.DASH🇺🇸
Revenue +25%/yr · +18%/yr per share · asset light
G 57V 61O 62Cap $72.9B
13
Uber Technologies, Inc.UBER🇺🇸
Revenue +25%/yr · +23%/yr per share · scale economics
G 56V 58O 60Cap $142.6B
14
Hostelworld Group plcHSW.IE🇮🇪
Revenue +44%/yr · +38%/yr per share · asset light
G 56V 69O 61Cap $185.5M
15
Allegro.eu S.A.ALE.PL🇵🇱
Revenue +17%/yr · +17%/yr per share · asset light
G 56V 72O 62Cap $7.0B
16
Grindr Inc.GRND🇺🇸
Revenue +27%/yr · +21%/yr per share · asset light
G 54V 67O 60Cap $2.4B
17
GigaCloud Technology IncGCT🇺🇸
Revenue +27%/yr · -2%/yr per share · scale economics
G 54V 69O 59Cap $1.6B
18
Liquidity Services, Inc.LQDT🇺🇸
Revenue +12%/yr · +245%/yr per share · scale economics
G 53V 59O 55Cap $1.1B
19
Autotrader Group plcAUTO.GB🇬🇧
Revenue +10%/yr · +12%/yr per share · asset light
G 51V 61O 57Cap $5.2B
20
Xometry, Inc.XMTR🇺🇸
Revenue +28%/yr · +12%/yr per share · scale economics
G 47V 57O 49Cap $4.7B
21
Opera LimitedOPRA🇳🇴
Revenue +21%/yr · +27%/yr per share · asset light
G 47V 67O 51Cap $1.5B
22
Meta Platforms, Inc.META🇺🇸
Revenue +13%/yr · +15%/yr per share · asset light
G 44V 54O 45Cap $1.48T
23
Brave Bison Group plcBBSN.GB🇬🇧
Revenue +30%/yr · +7%/yr per share · asset light
G 44V 57O 45Cap $141.3M
24
Baltic Classifieds Group PLCBCG.LT🇱🇹
Revenue +10%/yr · +10%/yr per share · asset light
G 43V 58O 46Cap $1.1B
25
Lyft, Inc.LYFT🇺🇸
Revenue +15%/yr · +11%/yr per share · scale economics
G 42V 77O 47Cap $5.4B
26
NerdWallet, Inc.NRDS🇺🇸
Revenue +17%/yr · +9%/yr per share · asset light
G 40V 68O 43Cap $652.9M
27
Sprout Social, Inc.SPT🇺🇸
Revenue +20%/yr · +18%/yr per share · asset light
G 38V 66O 41Cap $500.1M
28
EverQuote, Inc.EVER🇺🇸
Revenue +11%/yr · +6%/yr per share · asset light
G 37V 59O 39Cap $928.5M
29
Upwork Inc.UPWK🇺🇸
Revenue +9%/yr · +8%/yr per share · asset light
G 36V 64O 38Cap $1.2B
30
MediaAlpha, Inc.MAX🇺🇸
Revenue +12%/yr · +13%/yr per share · scale economics
G 36V 61O 38Cap $733.6M
31
AUTO1 Group SEAG1.DE🇩🇪
Revenue +13%/yr · +11%/yr per share · scale economics
G 36V 63O 39Cap $6.2B
32
Tripadvisor, Inc.TRIP🇺🇸
Revenue +16%/yr · +19%/yr per share · asset light
G 29V 70O 31Cap $1.5B
33
HomeToGo SEHTG.DE🇩🇪
Revenue +24%/yr · +10%/yr per share · asset light
G 25V 65O 26Cap $214.8M
34
trivago N.V.TRVG🇩🇪
Revenue +9%/yr · +10%/yr per share · asset light
G 19V 53O 19Cap $381.8M
35
Delivery Hero SEDHER.DE🇩🇪
Revenue +42%/yr · +31%/yr per share · scale economics
G 16V 44O 16Cap $13.1B

Changed this week

Week over week, from the nightly refresh.

Entered
Hostelworld Group plc (HSW.IE) · joined at #14 · Revenue +44%/yr · +38%/yr per share · asset light
Entered
Baltic Classifieds Group PLC (BCG.LT) · joined at #24 · Revenue +10%/yr · +10%/yr per share · asset light
Entered
EverQuote, Inc. (EVER) · joined at #28 · Revenue +11%/yr · +6%/yr per share · asset light
Entered
Brave Bison Group plc (BBSN.GB) · joined at #23 · Revenue +30%/yr · +7%/yr per share · asset light
Entered
trivago N.V. (TRVG) · joined at #34 · Revenue +9%/yr · +10%/yr per share · asset light
Left
PDD, HEM.SE

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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-07-28.