Sea Ltd. (SE) Misses Q3 EPS by 38c

Sea Ltd. (NYSE: SE) reported Q3 EPS of ($0.26), $0.38 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.17 billion.

“In this current period, we will prioritize investing in the business to increase our market share and further strengthen our market leadership. We now have scale, a deep understanding of our markets, and strong localized execution across diverse geographies. This gives us a wide competitive moat, and we intend to grow it further. Our move to self-sufficiency and profitability in the past quarters has significantly improved both our cash reserves and operational efficiency and we see a very good opportunity to build our e-commerce content ecosystem efficiently especially in live streaming.”

For earnings history and earnings-related data on Sea Ltd. (SE) click here.

You May Also Be Interested In

• EU proposes to curb Airbnb and short-term rentals amid housing shortage
• Lululemon (LULU) PT Lowered to $115 at Freedom Broker
• Lynx Equity sees Micron and SanDisk breakout as volatility normalizes