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.
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.
Sea Limited (NYSE: SE) plans to announce its fourth quarter and full year 2021 results on March 1, 2022, before the U.S. market opens. The management will host a conference call at 7:30 AM EST to discuss the results, with a live webcast available on the company’s website. Dial-in numbers and a passcode for participants are provided for the conference call. A replay will be available shortly after. Sea Limited operates in digital entertainment, e-commerce, and digital payments, with its main platforms being Garena, Shopee, and SeaMoney.