Why Sea Limited Declined by 19.1% in June

Motley Fool2022-07-04

What happenedShares of Sea Limited (SE 3.29%) dropped by 19.1% in June, according to data provided by S&P Global Market Intelligence.The latest drop means that shares of the e-commerce and gaming ...

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Comments

Guardian_J
2022-07-05
Guardian_J
Wao
来人
2022-07-04
来人
Ok
Tigger Jun
2022-07-04
Tigger Jun
Not sure
RichyRick
2022-07-04
RichyRick
Good to know
Aoyjai
2022-07-04
Aoyjai
As most relate it to a PRC company....it should ride the winds of recovery soon
4West
2022-07-04
4West
Slow down?

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Year to date, the Nasdaq has fallen close to 30% while the bellwether S&P 500 has fallen by 20.2%, putting both indices firmly in a bear market. It didn't help that Sea Limited also released a downbeat set of earnings for its 2022 first quarter.Its digital entertainment division, led by Garena, witnessed the continued quarter-over-quarter decline in users for a second straight quarter. Quarterly paying users fell by 20.4% quarter over quarter to 61.4 million and was down 23% year over year from 79.8 million. Both quarterly active and paying users peaked in the third quarter of 2021 and have been on a downtrend since.The company's e-commerce segment, Shopee, also saw gross orders and gross merchandise value (GMV) slip quarter over quarter after enjoying continuous quarterly growth. Gross orders dipped from 2 billion to 1.9 billion in Q1 2022 while GMV declined from $18.2 billion in the fourth quarter of 2022 to $17.4 billion in Q1 2022. 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While the company has significant clout in the Southeast Asian region due to its rapid expansion in the last couple of years, it now faces the prospect of a major slowdown in many of the markets in which it operates. 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