Sea's Q2 revenue of US$2.9 billion up 29%YoY
Singaporean internet giant Sea $Sea(SE.US$ has released its second quarter of 2022 financial results. Sea reported total revenue of US$2.9 billion for the second quarter, up 29.0% from US$2.3 billion in the same period last year. The net loss was $931.2 million, compared to a net loss of $433.7 million in the prior year's quarter.
Key Notes
Total revenue was US$2.9 billion, an increase of 29.0% compared to US$2.3 billion in the same period last year.
The cost of revenue was US$1.9 billion, an increase of 37.2% compared to US$1.3 billion for the same period last year.
Overall operating expenses were US$1,927 million, compared to US$1,265 million in the same period last year.
Shopee and Sea Money are still growing fast but are also unprofitable. This is why Garena's continued profitability is extremely important.
As the graph shows above, $Sea(SE.US$ the share price tumbled 14% after a wider-than-expected loss. Do you think it is time to buy in Sea?
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CHK82 : Giant? Haha
Smiley Tiger 168 : Giant Supermart ?!
FelaytOP CHK82:
FelaytOP Smiley Tiger 168: big then
Smiley Tiger 168 FelaytOP: Belated Great Singapore Sales.
103952933 : SEA revenue up but lost widen. still cash burning. The management dont even want to give guidance for Q3. you say bad or not
Ixy The Cat : NEVER look at revenue alone to base your investment. these kind of headline numbers sound good but mean nothing