2017 EPS Revisions For Larger-Cap Internet Stocks ($5bn+) 30% 20% 10% 0% -10% -20% -30% -40% AMZN EBAY EXPE FB GOOGL ~—-NFLX PCLN TRIP TWTR YHOO IAC ZG SPX Avg mw 2017 % Change in Stock Price m YTD % Change in Street 2017 Est Source: Bloomberg consensus estimates, as of 4/4/2017 BankofAmerica <