Why Sea Limited Fell by 18.8% in August

Motley Fool2022-09-05

KEY POINTSSea Limited more than doubled its net loss year over year for the second quarter of 2022.The company also saw continued attrition in quarterly paying users for its gaming unit.As a slowdown ...

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Comments

KW1
2022-09-09
KW1
Ok
Momori
2022-09-05
Momori
The job offer withdrawal does not reflect good on the management, shows that decision came abruptly
- KW1:
  ok
UNknown
2022-09-05
UNknown
Thanks
tungngie
2022-09-05
tungngie
Not sure why gaming side decrease... maybe ppl now know cant spend too much time on games, need to go work and earn money and invest. But i like sea ltd... $Sea Ltd(SE)$ waiting for the 9 9, 10 10 and 11 11..., hopefully shoppee can help.
All in Tesla
2022-09-05
All in Tesla
More pain to come as biz is going to face a slowdown
- ececec:
  👌
Take courage
2022-09-05
Take courage
Like this stock as it has value in it. Stay cautious n buy at the right price. More patience is needed.

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Revenue climbed 29% year over year to $2.9 billion, led by revenue increases for both its e-commerce and digital financial services segments. However, net loss ballooned, more than doubling year over year from $433.7 million in Q2 of 2021 to $931.2 million a year later.It also didn't help that Sea Limited's operating metrics remained weak, especially for its profitable digital entertainment division, Garena. The number of quarterly active users declined by 15% year over year to 619.3 million but managed to edge up 0.6% higher than the previous quarter's 615.9 million. The number of quarterly paying users, however, reported its third consecutive quarter-over-quarter decline, falling 8.6% from 1Q2022 to 56.1 million in 2Q2022. On a year-over-year basis, this metric registered a steep 39% plunge.Things were somewhat better over at the company's e-commerce arm, Shopee. Gross orders jumped by 42% year over year to 2 billion, while gross merchandise value rose 27% year over year to $19 billion.  Sea's digital financial services division, SeaMoney, saw a healthy 53% year-over-year jump in quarterly active users that led to a 36% year-over-year increase in total payment volume for the company's mobile wallet.Now whatDespite the strong numbers at Shopee, various news outlets reported that the division had withdrawn some job offers for positions at its headquarters in Singapore. This move suggests that the unit is slowing down its hiring in anticipation of a slump in consumer demand and spending as the world is wracked by high inflation and the looming threat of a recession.Sea Limited's gaming unit is also slowing down on its livestream platform and reportedly shutting down projects as the group strives to limit its cash burn rate. Employees at Garena were also told there would be job cuts as the company attempts to boost profitability. From these numbers and the actions of the company, it looks as if it may face a tough slog in reducing its losses as economic conditions get more challenging.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9938786686,"gmtCreate":1662677980445,"gmtModify":1676537113556,"author":{"id":"3563714281601583","authorId":"3563714281601583","name":"KW1","avatar":"https://static.tigerbbs.com/094e3f8fd8b3de3da976515926ed1403","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938786686","repostId":2265772387,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9931979560,"gmtCreate":1662390742651,"gmtModify":1676537050742,"author":{"id":"4107267438903580","authorId":"4107267438903580","name":"Momori","avatar":"https://community-static.tradeup.com/news/a2c637fe94d0dffd40cceac58b9140b0","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"The job offer withdrawal does not reflect good on the management, shows that decision came abruptly","listText":"The job offer withdrawal does not reflect good on the management, shows that decision came abruptly","text":"The job offer withdrawal does not reflect good on the management, shows that decision came abruptly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9931979560","repostId":2265772387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103833450,"gmtCreate":1662677991767,"gmtModify":1662677995117,"authorId":3563714281601583,"author":{"id":3563714281601583,"authorId":3563714281601583,"name":"KW1","avatar":"https://static.tigerbbs.com/094e3f8fd8b3de3da976515926ed1403","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.69%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9931979560,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":9931923766,"gmtCreate":1662386332455,"gmtModify":1676537049786,"author":{"id":"4093776015978190","authorId":"4093776015978190","name":"UNknown","avatar":"https://static.tigerbbs.com/544ab1c11c2e3063efc979d573c9bf0f","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931923766","repostId":2265772387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9931004562,"gmtCreate":1662353517656,"gmtModify":1676537043864,"author":{"id":"3576456086582950","authorId":"3576456086582950","name":"tungngie","avatar":"https://static.tigerbbs.com/988bf89c2727c98e8bd27200a813c1b2","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Not sure why gaming side decrease... maybe ppl now know cant spend too much time on games, need to go work and earn money and invest.&nbsp;But i like sea ltd...&nbsp;<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a><v-v data-views=\"1\"></v-v> waiting for the 9 9, 10 10 and 11 11..., hopefully shoppee can help.","listText":"Not sure why gaming side decrease... maybe ppl now know cant spend too much time on games, need to go work and earn money and invest.&nbsp;But i like sea ltd...&nbsp;<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a><v-v data-views=\"1\"></v-v> waiting for the 9 9, 10 10 and 11 11..., hopefully shoppee can help.","text":"Not sure why gaming side decrease... maybe ppl now know cant spend too much time on games, need to go work and earn money and invest. But i like sea ltd... $Sea Ltd(SE)$ waiting for the 9 9, 10 10 and 11 11..., hopefully shoppee can help.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931004562","repostId":2265772387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9933751832,"gmtCreate":1662348361126,"gmtModify":1676537042549,"author":{"id":"3577580366301047","authorId":"3577580366301047","name":"All in Tesla","avatar":"https://community-static.tradeup.com/news/8db11f6e6a9a2a52850e734188850dc2","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"More pain to come as biz is going to face a slowdown","listText":"More pain to come as biz is going to face a slowdown","text":"More pain to come as biz is going to face a slowdown","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933751832","repostId":2265772387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103777373,"gmtCreate":1662364108878,"gmtModify":1663258237946,"authorId":4104031102990960,"author":{"id":4104031102990960,"authorId":4104031102990960,"name":"ececec","avatar":"https://community-static.tradeup.com/news/e27c953ce3a0a63b99dd7cf8fdfaf6aa","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9933751832,"type":1,"supId":0,"prevId":0,"content":"👌","text":"👌","html":"👌"}],"langContent":"EN"},{"id":9933750820,"gmtCreate":1662348119060,"gmtModify":1676537042468,"author":{"id":"3577010098993443","authorId":"3577010098993443","name":"Take courage","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":9,"crmLevelSwitch":1},"htmlText":"Like this stock as it has value in it. Stay cautious n buy at the right price. More patience is needed.","listText":"Like this stock as it has value in it. Stay cautious n buy at the right price. More patience is needed.","text":"Like this stock as it has value in it. Stay cautious n buy at the right price. More patience is needed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933750820","repostId":2265772387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":160,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2265772387"}