Sea Stock Price, News & Analysis

Sea Limited (NYSE: SE) released its Q3 2022 financial results, reporting a GAAP revenue of US$3.2 billion, a 17.4% increase year-on-year. Gross profit rose 21.7% to US$1.2 billion. The net loss remained stable at US$(569.3) million, improving by 38.9% quarter-on-quarter. E-commerce revenue surged 32.4% year-on-year to US$1.9 billion, driven by strong core marketplace growth. However, digital entertainment revenue declined by 18.8% year-on-year to US$892.9 million. The company aims for adjusted EBITDA breakeven for Shopee by end of 2023.

Valmont Industries (NYSE: VMI) announces the appointment of Gene Padgett as SVP, Finance and Chief Accounting Officer, effective November 1, 2022. Padgett, who has nearly three decades of experience, will oversee accounting and SEC reporting, reporting directly to CFO Avner Applbaum. Previously, he served as Chief Accounting Officer at DXP Enterprises and held roles at Enbridge Energy and Duke Energy. Additionally, Tim Francis has been appointed as Senior Vice President and Finance Business Partner, Global Operations. Both appointments aim to enhance Valmont's global finance and operational efficiency.

Sea Limited (NYSE: SE) will announce its Q3 2022 results before the U.S. market opens on November 15, 2022. Management will host a conference call at 7:30 AM ET on the same day, with a live webcast available on the company's website. Investors can access the call by dialing in with specific numbers for various locations, including US Toll Free: 1-888-317-6003. A replay will be available afterward on the investor relations website.

Sea Limited (NYSE: SE) reported its Q2 2022 financial results, achieving total GAAP revenue of $2.9 billion, a 29% increase year-on-year. The e-commerce segment grew by 51.4% to $1.7 billion, driven by improved monetization and user adoption of SeaMoney, contributing to narrowing losses within the financial sector. However, the company faced a net loss of $931.2 million, nearly doubling from the previous year. Digital entertainment revenue declined to $900.3 million from $1 billion, reflecting a softening post-COVID. Guidance for e-commerce revenue has been suspended amidst macro uncertainties.

ChannelAdvisor Corporation (NYSE: ECOM) has announced its integration with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan. This partnership enables ChannelAdvisor's customers to expand their multichannel commerce strategies into new markets in the Asia Pacific region. The integration offers features such as transforming product data for specific channels, optimizing content, synchronizing inventory, consolidating orders, and utilizing advanced analytics for identifying growth opportunities. This move is expected to enhance visibility and sales for brands and retailers in Southeast Asia.

Sea Limited (NYSE: SE) will announce its second quarter 2022 results on August 16, 2022, before the U.S. market opens. Management will host a conference call at 7:30 AM U.S. Eastern Time to discuss the results, with a live webcast available on the Company's website. Key details include:

• US Toll-Free: 1-888-317-6003
• International: 1-412-317-6061

A replay will be accessible on the investor relations website.

Sea Limited (NYSE: SE) reported first-quarter 2022 financial results showing a total revenue of US$2.9 billion, a 64.4% increase year-on-year. Despite strong revenue growth, the net loss rose to US$(580.1) million, up from US$(422.1) million a year earlier. E-commerce and digital financial services saw significant growth, with e-commerce revenue up 94.2% to US$1.5 billion. However, Garena's growth faced challenges post-COVID, with early signs of stabilization for Free Fire. The company is adjusting its e-commerce revenue guidance for the full year due to macro uncertainties.

Sea Limited (NYSE: SE) will announce its first quarter 2022 results on May 17, 2022, before U.S. market opening. Management will host a conference call at 7:30 AM ET. A live webcast can be accessed through the company's website. Key details include:

• Dial-in numbers: US Toll Free: 1-888-317-6003, International: 1-412-317-6061.
• Passcode for Participants: 4420440.

A replay will be available on the investor relations website.

Sea Limited (NYSE: SE) reported substantial growth for Q4 and the full year 2021, with total GAAP revenue reaching US$3.2 billion, up 105.7% year-on-year. Digital Entertainment revenue hit US$1.4 billion (up 104.1%), while E-commerce revenue rose to US$1.6 billion (up 89.4%). Despite these gains, Sea reported an adjusted EBITDA loss of US$492.1 million. Notably, Shopee achieved significant milestones in Brazil, recording over 140 million gross orders, marking a 400% increase year-on-year. The company anticipates achieving profitability in select regions and segments by 2022.