Sea shares surged 11% as sales beat estimate. Sea Q3 EPS $(0.66) beats $(1.09) estimate, sales $3.20b beat $3.00b estimate.
E-commerce revenue grew 32.4% Y/Y to $1.98B. Gross orders totaled 2.B, an increase of 21.4% Y/Y.
"Given rising macro uncertainties, and with reopening trends having an ongoing effect on the business, we are revising the guidance for digital entertainment. We now expect bookings for the full year of 2022 to be between US$2.6 billion and US$2.8 billion, as compared to the previous guidance of between US$2.9 billion to US$3.1 billion."
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