GAMING and e-commerce player S

GAMING and e-commerce player Sea reported a US$153.3 million net profit for Q3 2024, reversing from a US$144 million loss a year ago, and marking a second consecutive quarter in the black.

The figure beat estimates from a Bloomberg poll of 13 analysts, which projected a net profit of US$128.6 million. Revenue for the quarter also rose 30.8 per cent to US$4.3 billion from US$3.3 billion in Q3 2023

$Sea Ltd(SE)$ $Sea Ltd(SE)$

Shopify and Sea Beat and Jump! Time to Soar Tonight?

Shopify’s stock rose 13% in premarket trading after it beat revenue estimates, driven by AI-powered tools attracting more merchants. Sea, the owner of Shopee, also exceeded revenue expectations with a 30.8% increase to $4.33 billion in Q3, boosted by strong growth in e-commerce, entertainment, and financial services. ------------------ Have you ever bought goods from Shopify or Sea's Shopee? With two giants' earnings beat, will you trade them? What's your target price?

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