Sea Limited Reports Third Quarter 2023 Results
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Morgan Stanley says Sea's (SE) losses were 'larger than feared'; Shares fall 8% after earnings
November 14, 2023 6:44 AM EST(Updated - November 14, 2023 9:10 AM EST)
Sea Ltd (NYSE: SE) reported third-quarter results that exceeded analyst estimates, however, shares fell about 8% in pre-market Tuesday.
The company posted total revenue of $3.31 billion, beating the consensus estimate of $3.17 billion. Within its segments, E-commerce revenue reached $2.42 billion, surpassing the estimated $2.18 billion.
Digital entertainment revenue amounted to $592.2... More
