Market Overview

Sea: Q3 Earnings Insights

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Shares of Sea (NYSE:SE) decreased 3.9% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 43.75% over the past year to ($0.69), which missed the estimate of ($0.53).

Revenue of $1,212,000,000 higher by 58.79% from the same period last year, which missed the estimate of $1,400,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Sea hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 17, 2020

Time: 07:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/se/mediaframe/41579/indexr.html

Recent Stock Performance

Company's 52-week high was at $187.75

Company's 52-week low was at $35.30

Price action over last quarter: Up 13.64%

Company Overview

Sea Ltd is an internet company. The company operates through three segments namely Digital entertainment, E-commerce, and Digital financial services. It generates maximum revenue from the Digital Entertainment segment. Digital Entertainment segment includes Garena's platform which offers mobile and PC online games across the region and develops mobile games for the global market. Garena is the global leader in eSports, it also provides access to other entertainment content and social features, such as live streaming of gameplay, user chat, and online forums. Geographically, it derives a majority of revenue from Southeast Asia and also has a presence in Latin America; the Rest of Aisa and the Rest of the world.

 

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Posted-In: Earnings News