Sea Limited Q3 2022 Earnings Highlights
[Rewards] Sea achieved a record Q3 revenue with net loss narrowed, spiking on e-commerce
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KEY Figures:
● Total Q3 2022 revenue of Sea Limited was $3.2 billion, up 17.4% year-on-year.
● Total net loss was $(569.3) million, improving by 38.9% quarter-on-quarter, but flat YoY.
● Total adjusted EBITDA was $(357.7) million, compared to $(165.5) million for Q3 2021, and improving by 29.4% QoQ.
● For the E-commerce sector, GAAP revenue was 1.9 billion, which included $1.6 billion of marketplace revenue, up 32.4% YoY.
● GMV was $19.1 billion, with an increase of 21.4% YoY based on constant currency assumptions.
● For the Digital Entertainment sector, GAAP revenue decreased 18.8% to $892.9 million, compared to $1.1 billion in Q3 2021.
More statistics:
*EC=E-commerce segment; DE=Digital Entertainment segment; DFS=Digital Financial Services segment; Adjusted EBITDA is a measure computed for a company that takes its earnings and adds back interest expenses, taxes, and depreciation charges, plus other adjustments to the metric.
KEY Points:
● Facing significant macro uncertainties, Sea management decided to shift focus from growth to achieving self-sufficiency and profitability without relying on external funding.
● Sea Limited is currently working towards adjusted EBITDA breakeven for Shopee by the end of 2023.
● The number of brands on Shopee Mall continued to grow strongly by 36% YoY to over 42 thousand, reflecting more brands recognizing Shopee's value.
● For Digital Entertainment, Sea expects bookings for the FY2022 to be between $2.6 billion and $2.8 billion, compared to a previous guidance of between $2.9 - $3.1 billion.
● For Digital Financial Services, the non-performing loans due more than 90 days represented about 4% of Sea's total gross loans.
● Sea Limited laid off more than 7,000 employees over the past six months to improve its profitability.
The KEY in your hands:
According to Morningstar, by November 15 2022, SE's share had dropped approximately 70% since the start of 2022, underperforming the S&P 500 (.SPX), which is about a 17% decline in the same period.
Therefore, how do you see Sea Limited currently? What's your opinion or analysis about it? Speak out with mooers and get inspired by sharing!
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Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: https://www.sec.gov/Archives/edgar/data/1703399/000110465922119122/tm2230567d1_6k.htm Moomoo Inc. ("moomoo") provides mobile and online technology solutions for securities trading. Moomoo is not an investment adviser or a broker-dealer and it provides neither investment or financial advice nor securities trading services. All contents such as comments and links posted or shared by users of the community are opinions of the respective authors only and do not reflect the opinions, views, or positions of moomoo, its affiliates, or any employees of moomoo or its affiliates. Please consult a qualified investment or tax advisor for your personal financial planning and tax situations. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC). In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS).Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services License (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.
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Moo EarningsOP Jamesim:
CasualInvestor : My gut is saying bull trap.
sociable Dingo_8604 : I have enjoyed Shopee using their coin cashback system and games. The user interface is also more friendly compared to other platforms. I certainly do not want it to fall! Many major companies have laid off employees sadly and Sea Ltd unfortunately had to do so too. Hoping to see it improve in the coming months
and bring more good news!
Milk The Cow : I think shoppe is good but one shoppe alone cannot help to tank for the whole Sea
.
.
If other of its subsidiary companies are not doing well, it will be quite hard before it can regain profits
Not to mentioned in such bad economic...
HHTOH : Sell on bounce
tinymonster1987 : Wait for pull back if wanna buy
Bull bear buffalo : The shopee app has been one of my favorite apps and easy to use. Will do well if they can continue to attract and retain users
BrandonnW : The bull market will come soon! Are you ready
PlsLetMeEarnMoney : forest li trolling again
squalolo : I personally feel that $Sea (SE.US)$ is still overpriced. no doubt that earnings have improved and costs have been reduced, it is not 100% reliant on e commerce, shopee. they need to find ways to get back market share on their digital entertainment and finance, which lost a huge part in previous quarter. road to profitability, but for now I believe it is still overpriced
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