Welcome to our dedicated page for Sea news (Ticker: SE), a resource for investors and traders seeking the latest updates and insights on Sea stock.
Sea Limited (NYSE: SE) is a Singapore-founded global consumer internet company operating three core businesses: Garena for digital entertainment, Shopee for e-commerce, and Monee (also referred to as SeaMoney in some announcements) for digital financial services. This news page aggregates company-issued updates and market-moving disclosures related to these businesses.
Readers can follow Sea’s announcements about its financial performance, including quarterly and annual results where the company reports GAAP revenue, gross profit, net income, and adjusted EBITDA at both group and segment levels. Sea’s news often highlights trends in Shopee’s gross merchandise value and gross orders, developments in Monee’s consumer and SME credit portfolio, and user and bookings metrics for Garena’s digital entertainment segment.
Company press releases also cover strategic and corporate actions, such as the authorization of a share repurchase program of up to US$1 billion of American depositary shares. In addition, Sea regularly announces the timing of its earnings releases and related conference calls and webcasts, providing investors and analysts with access details for management’s discussions of recent results.
Because Sea operates across digital entertainment, e-commerce, and digital financial services in regions including Southeast Asia, Taiwan, Latin America, and Brazil, its news flow can include updates on segment performance, loan book growth and asset quality in digital financial services, and commentary on user engagement and content initiatives in gaming. This page serves as a central location to review Sea’s official news and disclosures over time for anyone tracking the SE stock and the company’s multi-segment operations.
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On March 30, 2023, Infinix launched the HOT 30 series, featuring the HOT 30 and HOT 30i models, designed for enhanced mobile gaming. These models are powered by the MediaTek Helio G88 processor and include a 6.78-inch screen with a 90Hz refresh rate. Collaborating with Free Fire, Infinix customized the devices to improve gaming experiences through software and hardware enhancements. Key features include 33W fast charging, a 5000mAh battery, and a 50-megapixel camera. The series is positioned competitively in the market, targeting young consumers with budget-friendly options. Further details on pricing and availability will be announced via Infinix's channels.
Sea Limited (NYSE: SE) reported financial results for Q4 and full year 2022, highlighting significant improvements. Q4 GAAP revenue reached US$3.5 billion (up 7.1% YoY), with gross profit at US$1.7 billion (up 29.5% YoY) and a positive net income of US$422.8 million, a turnaround from a loss of US$(616.3) million in Q4 2021. Adjusted EBITDA also improved to US$495.7 million. For the year, total GAAP revenue was US$12.4 billion, increasing 25.1% YoY, although the net loss narrowed to US$1.7 billion. The company continues to focus on profit and efficiency amid a volatile market.
Sea Limited (NYSE: SE) will announce its fourth quarter and full year 2022 results on March 7, 2023, before U.S. market opening. The management will host a conference call at 7:30 AM U.S. Eastern Time to discuss these results, with a live webcast available on the Company’s website. Dial-in numbers include 1-888-317-6003 for U.S. Toll Free participants. A replay will be accessible on the investor relations website. Sea Limited operates three main segments: Garena (digital entertainment), Shopee (e-commerce), and SeaMoney (digital payments) across Southeast Asia.