I would expect large multinational companies that earn revenue in all timezones and in both the northern and southern hemisphere to exhibit limited seasonality.

I would expect large multinational companies that earn revenue in all timezones and in both the northern and southern hemisphere to exhibit limited seasonality. Figures may be skewed in favor of their larger and more mature markets, but not all countries celebrate the same holidays (like Christmas) and summer and winter and flipped in the northern and southern hemispheres. I would expect local competitors to exhibit far greater seasonality than any major multinational.