Sea Limited Stock Declines On Q3 Earnings Miss, Revenue Beat

Investing.com2021-11-17

Sea Ltd stock fell 4% on Tuesday after the company announced a loss per share of 84 cents on revenue of $2.69 billion on Tuesday.

The company missed earnings expectations but beat on revenue, with analysts polled by Investing.com anticipating the per-share loss to be 65 cents on revenue of $2.5 billion. Bookings were $1.2 billion, up 29.2% year-on-year.

Shares of the Singapore-based internet and mobile platform company hit a high of $355.99 before falling to around $325.

"We continued to see strong growth in the adoption of SeaMoney's offerings. The total payment volume for our mobile wallet was US$4.6 billion for the third quarter of 2021, an increase of 111% year-on-year." Sea said.

Looking ahead, Sea raised guidance for e-commerce for the full year. The company expects GAAP revenue for e-commerce to be between $5.0 billion and $5.2 billion, compared to the previous guidance of between $4.7 billion to $4.9 billion.

In addition, the company announced the appointment of Chris Feng as Sea Group's President, starting January 1.

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精彩评论

  • Vanillin
    2021-11-17
    Vanillin
    Raised guidance on eCommerce is good, but low margin business unit.
    • kino318
      very competitive market. economic moat is not strong
    • CPCat
      e-commerce has to be a volume business. not too worried there, especially if they could progress in LATAM, on top of their SEA success.
  • Ahsiang
    2021-11-17
    Ahsiang
    Jialat
  • evan888
    2021-11-17
    evan888
    Like pls
  • Chororo
    2021-11-17
    Chororo
  • Jjjjia
    2021-11-17
    Jjjjia
    Like pls
  • Blurking
    2021-11-17
    Blurking
    Buy for the future
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