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2022-03-01
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Sea Q4 EPS Misses Estimate, Sales Beat Estimate
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2022-02-23
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2022-02-14
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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646136159,"share":"https://ttm.financial/m/news/1105187796?lang=&edition=fundamental","pubTime":"2022-03-01 20:02","market":"us","language":"en","title":"Sea Q4 EPS Misses Estimate, Sales Beat Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=1105187796","media":"Tiger Newspress","summary":"Seareported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the sam","content":"<html><head></head><body><p>Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.</p><p>Sea shares fell more than 6% after reporting quarterly results.The stock had once previously risen more than 10%.</p><p><img src=\"https://static.tigerbbs.com/8b41fcb15d552c2c2eca2eeb949c099b\" tg-width=\"842\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/></p><p>Sea Limited (NYSE: SE) today announced its financial results for the fourth quarter and full year ended December 31, 2021.</p><p><b>Fourth Quarter 2021 Highlights</b></p><p><b>Group </b></p><ul><li>Total GAAP revenue was US$3.2 billion, up 105.7% year-on-year.</li></ul><ul><li>Total gross profit was US$1.3 billion, up 145.6% year-on-year.</li></ul><ul><li>Total adjusted EBITDA1 was US$(492.1) million compared to US$48.7 million for the fourth quarter of 2020.</li></ul><p><b>Digital Entertainment </b></p><ul><li>GAAP revenue was US$1.4 billion, up 104.1% year-on-year.</li></ul><ul><li>Bookings2 were US$1.1 billion, up 6.8% year-on-year.</li></ul><ul><li>Adjusted EBITDA1 was US$602.6 million, compared to US$663.5 million for the fourth quarter of 2020.</li></ul><ul><li>Adjusted EBITDA represented 55.7% of bookings for the fourth quarter of 2021, compared to 65.5% for the fourth quarter of 2020.</li></ul><ul><li>Quarterly active users (“QAUs”) reached 654.0 million, an increase of 7.1% yearon-year.</li></ul><ul><li>Quarterly paying users grew by 5.6% year-on-year to 77.2 million and represented 11.8% of QAUs for the fourth quarter compared to 12.0% for the same period in 2020.</li></ul><ul><li>Average bookings per user were US$1.7, in line with that for the fourth quarter of 2020.</li></ul><ul><li>Our self-developed global hit game, Free Fire, continued to maintain top global rankings in user and grossing metrics. It remained the most downloaded mobile game globally for the fourth quarter and the full year of 2021, according to data.ai3 , previously known as App Annie, maintaining this leading position for a third consecutive year.</li></ul><ul><li>Free Fire also ranked second globally by average monthly active users for all mobile games on Google Play in the fourth quarter and the full year of 2021, according to data.ai3.</li></ul><ul><li>Free Fire continued to be the highest grossing mobile game in Southeast Asia and Latin America for the fourth quarter and the full year of 2021, according to data.ai3. Free Fire has maintained this leading position for the past ten consecutive quarters in Southeast Asia and in Latin America.</li></ul><ul><li>In the United States, Free Fire was the highest grossing mobile battle royale game for four consecutive quarters for the fourth quarter and full year of 2021, according to data.ai3.</li></ul><ul><li>Craftland, our recently introduced Free Fire map editor feature, gained strong traction since launch with the most popular maps being subscribed by close to 40 million users so far. They believe that the strong user reception to Craftland is a positive indicator of the result of our continued efforts to encourage user participation in content creation as They build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as the metaverse.</li></ul><ul><li>They are working on multiple prototype games across different stages through both self-development and publishing pipelines. In 2022 and beyond, They expect to expand our portfolio with more games across diverse genres such as multiplayer action, role-playing, sandbox and casual games.</li></ul><p><b>E-commerce </b></p><ul><li>GAAP revenue was US$1.6 billion, up 89.4% year-on-year.</li></ul><ul><li>GAAP revenue included US$1.3 billion of GAAP marketplace revenue4 , up 103.5% year-on-year, and US$0.3 billion of GAAP product revenue5 , up 48.1% year-on-year.</li></ul><ul><li>Gross orders totaled 2.0 billion, an increase of 90.1% year-on-year.</li></ul><ul><li>Gross merchandise value (“GMV”) was US$18.2 billion, an increase of 52.7% yearon-year.</li></ul><ul><li>Adjusted EBITDA1 was US$(877.7) million compared to US$(427.5) million for the fourth quarter of 2020.</li></ul><ul><li>In Southeast Asia and Taiwan, adjusted EBITDA loss per order before allocation of the headquarters’ common expenses was 15 cents, an improvement from 21 cents in the fourth quarter of 2020.</li></ul><ul><li>They believe that, in line with the continued scaling of the platform and sustained improvement in unit economics, Shopee is currently on track to achieve positive adjusted EBITDA before allocation of the headquarters’ common expenses in Southeast Asia and Taiwan by this year.</li></ul><ul><li>In Shopee’s other markets, unit economics also showed consistent improvement year-on-year.</li></ul><ul><li>In Brazil, where Shopee was launched in late 2019, They have already achieved strong traction with meaningful commercialization and improving efficiency.</li></ul><p>▪ In the fourth quarter, Shopee Brazil recorded more than 140 million gross orders, growing at close to 400% year-on-year, and more than US$70 million of GAAP revenue, up by around 326% year-on-year.</p><p>▪ Meanwhile, its adjusted EBITDA loss per order before allocation of the headquarters’ common expenses improved by more than 40% year-on-year to below US$2.</p><ul><li>For Shopee overall, adjusted EBITDA loss per order was US$0.45, compared to US$0.41 for the fourth quarter of 2020. This increase was attributable to the increasing contribution from the other markets which are at a much earlier stage of development, and therefore are both growing faster and incurring higher adjusted EBITDA loss per order than Southeast Asia and Taiwan.</li></ul><ul><li>In Southeast Asia and in Taiwan respectively, Shopee continued to rank first in the Shopping category by average monthly active users and total time spent in app for the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>In Indonesia, where Shopee is the largest e-commerce platform, gross orders grew by around 88% year-on-year. Shopee also continued to rank first in the Shopping category by average monthly active users and total time spent in app for the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>Shopee Brazil continued to rank first in the Shopping category by downloads and total time spent in app and second by average monthly active users for the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>Globally, Shopee was the top ranked app in the Shopping category by downloads in the fourth quarter and for the full year of 2021, according to data.ai3 . In the same category, for Google Play, Shopee also ranked first globally by total time spent in app and second by average monthly active users in the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>Shopee is also building strong brand recognition across our communities. It was the top e-commerce brand in YouGov’s “Best Global Brands 2021” and ranked sixth overall.</li></ul><p><b>Digital Financial Services </b></p><ul><li>GAAP revenue was US$197.5 million, up 711.1% year-on-year.</li></ul><ul><li>Adjusted EBITDA was US$(149.8) million, compared to US$(171.3) million for the fourth quarter of 2020.</li></ul><ul><li>While our SeaMoney business continues to enjoy very strong growth, They are also focused on continuing to improve growth efficiency and expect the segment to achieve positive cashflow by next year.</li></ul><ul><li>Quarterly active users across our SeaMoney products and services reached 45.8 million, up 89.7% year-on-year.</li></ul><ul><li>In Indonesia, which has the most comprehensive set of products and services among our markets, over 20% of the quarterly active users6 have used multiple SeaMoney products or services in the fourth quarter. They view this as a highly positive indicator of the strong efficiencies They can leverage in bringing new offerings to our large and fast-growing user base on the Shopee and SeaMoney platforms, which are both highly synergistic with one another and enjoy a strong flywheel effect in the scaling of each platform.</li></ul><ul><li>Total payment volume (“TPV”) for the mobile wallet was US$5.0 billion, up 70.1% year-on-year.</li></ul><ul><li>They also expanded various products offerings including credit services to consumers and merchants across more markets, started offering services in digital banking and insurtech in Indonesia and obtained a bank license in the Philippines.</li></ul><p><b>Full Year 2021 Highlights </b></p><p><b>Group </b></p><p>o Total GAAP revenue was US$10.0 billion, up 127.5% year-on-year.</p><p>o Total gross profit was US$3.9 billion, up 188.8% year-on-year.</p><p>o Total adjusted EBITDA1 was US$(593.6) million compared to US$107.0 million for the full year of 2020.</p><p><b>Digital Entertainment </b></p><p>o GAAP revenue was US$4.3 billion, up 114.3% year-on-year.</p><p>o Bookings2 were US$4.6 billion, up 44.3% year-on-year.</p><p>o Adjusted EBITDA1 was US$2.8 billion, up 40.0% year-on-year.</p><p>o Adjusted EBITDA represented 60.4% of bookings for the full year of 2021, compared to 62.2% for the full year of 2020.</p><p><b>E-commerce </b></p><p>o GAAP revenue was US$5.1 billion, up 136.4% year-on-year.</p><p>o GAAP revenue included US$4.1 billion of GAAP marketplace revenue4 , up 155.8% year-on-year, and US$1.1 billion of GAAP product revenue5 , up 82.7% year-on-year.</p><p>o Gross orders totaled 6.1 billion, an increase of 116.5% year-on-year.</p><p>o GMV was US$62.5 billion, an increase of 76.8% year-on-year.</p><p>o Adjusted EBITDA1 was US$(2.6) billion compared to US$(1.3) billion for the full year of 2020.</p><p>o Adjusted EBITDA loss per order improved by 8.7% year-on-year to US$0.42, compared to US$0.46 for the full year of 2020.</p><p><b>Digital Financial Services </b></p><p>o GAAP revenue was US$469.8 million, up 672.8% year-on-year.</p><p>o Adjusted EBITDA1 was US$(616.9) million, compared to US$(511.1) million for the full year of 2020.</p><p>o TPV for the mobile wallet was US$17.2 billion, up 119.6% year-on-year</p><p><b>2022 Guidance </b></p><p>For the full year of 2022, we currently expect bookings for digital entertainment to be between US$2.9 billion and US$3.1 billion. With many economies reopening further in the fourth quarter and into this year, we have observed some moderation in online activities and fluctuations in user engagement. Moreover, due to unanticipated government actions, Free Fire is currently unavailable in the Google Play and iOS app stores in India. The guidance takes into consideration these headwind factors. The midpoint of the guidance of US$3.0 billion reflects our current expectations that our bookings for 2022 will be close to the level in 2020 while also considering the uncertainty in India.</p><p>They expect GAAP revenue for e-commerce to be between US$8.9 billion and US$9.1 billion. The midpoint of the guidance represents an increase of 75.7% from 2021.</p><p>They expect GAAP revenue for digital financial services to be between US$1.1 billion and US$1.3 billion. The midpoint of the guidance represents an increase of 155.4% from 2021.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Q4 EPS Misses Estimate, Sales Beat Estimate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Q4 EPS Misses Estimate, Sales Beat Estimate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-01 20:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.</p><p>Sea shares fell more than 6% after reporting quarterly results.The stock had once previously risen more than 10%.</p><p><img src=\"https://static.tigerbbs.com/8b41fcb15d552c2c2eca2eeb949c099b\" tg-width=\"842\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/></p><p>Sea Limited (NYSE: SE) today announced its financial results for the fourth quarter and full year ended December 31, 2021.</p><p><b>Fourth Quarter 2021 Highlights</b></p><p><b>Group </b></p><ul><li>Total GAAP revenue was US$3.2 billion, up 105.7% year-on-year.</li></ul><ul><li>Total gross profit was US$1.3 billion, up 145.6% year-on-year.</li></ul><ul><li>Total adjusted EBITDA1 was US$(492.1) million compared to US$48.7 million for the fourth quarter of 2020.</li></ul><p><b>Digital Entertainment </b></p><ul><li>GAAP revenue was US$1.4 billion, up 104.1% year-on-year.</li></ul><ul><li>Bookings2 were US$1.1 billion, up 6.8% year-on-year.</li></ul><ul><li>Adjusted EBITDA1 was US$602.6 million, compared to US$663.5 million for the fourth quarter of 2020.</li></ul><ul><li>Adjusted EBITDA represented 55.7% of bookings for the fourth quarter of 2021, compared to 65.5% for the fourth quarter of 2020.</li></ul><ul><li>Quarterly active users (“QAUs”) reached 654.0 million, an increase of 7.1% yearon-year.</li></ul><ul><li>Quarterly paying users grew by 5.6% year-on-year to 77.2 million and represented 11.8% of QAUs for the fourth quarter compared to 12.0% for the same period in 2020.</li></ul><ul><li>Average bookings per user were US$1.7, in line with that for the fourth quarter of 2020.</li></ul><ul><li>Our self-developed global hit game, Free Fire, continued to maintain top global rankings in user and grossing metrics. It remained the most downloaded mobile game globally for the fourth quarter and the full year of 2021, according to data.ai3 , previously known as App Annie, maintaining this leading position for a third consecutive year.</li></ul><ul><li>Free Fire also ranked second globally by average monthly active users for all mobile games on Google Play in the fourth quarter and the full year of 2021, according to data.ai3.</li></ul><ul><li>Free Fire continued to be the highest grossing mobile game in Southeast Asia and Latin America for the fourth quarter and the full year of 2021, according to data.ai3. Free Fire has maintained this leading position for the past ten consecutive quarters in Southeast Asia and in Latin America.</li></ul><ul><li>In the United States, Free Fire was the highest grossing mobile battle royale game for four consecutive quarters for the fourth quarter and full year of 2021, according to data.ai3.</li></ul><ul><li>Craftland, our recently introduced Free Fire map editor feature, gained strong traction since launch with the most popular maps being subscribed by close to 40 million users so far. They believe that the strong user reception to Craftland is a positive indicator of the result of our continued efforts to encourage user participation in content creation as They build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as the metaverse.</li></ul><ul><li>They are working on multiple prototype games across different stages through both self-development and publishing pipelines. In 2022 and beyond, They expect to expand our portfolio with more games across diverse genres such as multiplayer action, role-playing, sandbox and casual games.</li></ul><p><b>E-commerce </b></p><ul><li>GAAP revenue was US$1.6 billion, up 89.4% year-on-year.</li></ul><ul><li>GAAP revenue included US$1.3 billion of GAAP marketplace revenue4 , up 103.5% year-on-year, and US$0.3 billion of GAAP product revenue5 , up 48.1% year-on-year.</li></ul><ul><li>Gross orders totaled 2.0 billion, an increase of 90.1% year-on-year.</li></ul><ul><li>Gross merchandise value (“GMV”) was US$18.2 billion, an increase of 52.7% yearon-year.</li></ul><ul><li>Adjusted EBITDA1 was US$(877.7) million compared to US$(427.5) million for the fourth quarter of 2020.</li></ul><ul><li>In Southeast Asia and Taiwan, adjusted EBITDA loss per order before allocation of the headquarters’ common expenses was 15 cents, an improvement from 21 cents in the fourth quarter of 2020.</li></ul><ul><li>They believe that, in line with the continued scaling of the platform and sustained improvement in unit economics, Shopee is currently on track to achieve positive adjusted EBITDA before allocation of the headquarters’ common expenses in Southeast Asia and Taiwan by this year.</li></ul><ul><li>In Shopee’s other markets, unit economics also showed consistent improvement year-on-year.</li></ul><ul><li>In Brazil, where Shopee was launched in late 2019, They have already achieved strong traction with meaningful commercialization and improving efficiency.</li></ul><p>▪ In the fourth quarter, Shopee Brazil recorded more than 140 million gross orders, growing at close to 400% year-on-year, and more than US$70 million of GAAP revenue, up by around 326% year-on-year.</p><p>▪ Meanwhile, its adjusted EBITDA loss per order before allocation of the headquarters’ common expenses improved by more than 40% year-on-year to below US$2.</p><ul><li>For Shopee overall, adjusted EBITDA loss per order was US$0.45, compared to US$0.41 for the fourth quarter of 2020. This increase was attributable to the increasing contribution from the other markets which are at a much earlier stage of development, and therefore are both growing faster and incurring higher adjusted EBITDA loss per order than Southeast Asia and Taiwan.</li></ul><ul><li>In Southeast Asia and in Taiwan respectively, Shopee continued to rank first in the Shopping category by average monthly active users and total time spent in app for the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>In Indonesia, where Shopee is the largest e-commerce platform, gross orders grew by around 88% year-on-year. Shopee also continued to rank first in the Shopping category by average monthly active users and total time spent in app for the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>Shopee Brazil continued to rank first in the Shopping category by downloads and total time spent in app and second by average monthly active users for the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>Globally, Shopee was the top ranked app in the Shopping category by downloads in the fourth quarter and for the full year of 2021, according to data.ai3 . In the same category, for Google Play, Shopee also ranked first globally by total time spent in app and second by average monthly active users in the fourth quarter and for the full year of 2021, according to data.ai3.</li></ul><ul><li>Shopee is also building strong brand recognition across our communities. It was the top e-commerce brand in YouGov’s “Best Global Brands 2021” and ranked sixth overall.</li></ul><p><b>Digital Financial Services </b></p><ul><li>GAAP revenue was US$197.5 million, up 711.1% year-on-year.</li></ul><ul><li>Adjusted EBITDA was US$(149.8) million, compared to US$(171.3) million for the fourth quarter of 2020.</li></ul><ul><li>While our SeaMoney business continues to enjoy very strong growth, They are also focused on continuing to improve growth efficiency and expect the segment to achieve positive cashflow by next year.</li></ul><ul><li>Quarterly active users across our SeaMoney products and services reached 45.8 million, up 89.7% year-on-year.</li></ul><ul><li>In Indonesia, which has the most comprehensive set of products and services among our markets, over 20% of the quarterly active users6 have used multiple SeaMoney products or services in the fourth quarter. They view this as a highly positive indicator of the strong efficiencies They can leverage in bringing new offerings to our large and fast-growing user base on the Shopee and SeaMoney platforms, which are both highly synergistic with one another and enjoy a strong flywheel effect in the scaling of each platform.</li></ul><ul><li>Total payment volume (“TPV”) for the mobile wallet was US$5.0 billion, up 70.1% year-on-year.</li></ul><ul><li>They also expanded various products offerings including credit services to consumers and merchants across more markets, started offering services in digital banking and insurtech in Indonesia and obtained a bank license in the Philippines.</li></ul><p><b>Full Year 2021 Highlights </b></p><p><b>Group </b></p><p>o Total GAAP revenue was US$10.0 billion, up 127.5% year-on-year.</p><p>o Total gross profit was US$3.9 billion, up 188.8% year-on-year.</p><p>o Total adjusted EBITDA1 was US$(593.6) million compared to US$107.0 million for the full year of 2020.</p><p><b>Digital Entertainment </b></p><p>o GAAP revenue was US$4.3 billion, up 114.3% year-on-year.</p><p>o Bookings2 were US$4.6 billion, up 44.3% year-on-year.</p><p>o Adjusted EBITDA1 was US$2.8 billion, up 40.0% year-on-year.</p><p>o Adjusted EBITDA represented 60.4% of bookings for the full year of 2021, compared to 62.2% for the full year of 2020.</p><p><b>E-commerce </b></p><p>o GAAP revenue was US$5.1 billion, up 136.4% year-on-year.</p><p>o GAAP revenue included US$4.1 billion of GAAP marketplace revenue4 , up 155.8% year-on-year, and US$1.1 billion of GAAP product revenue5 , up 82.7% year-on-year.</p><p>o Gross orders totaled 6.1 billion, an increase of 116.5% year-on-year.</p><p>o GMV was US$62.5 billion, an increase of 76.8% year-on-year.</p><p>o Adjusted EBITDA1 was US$(2.6) billion compared to US$(1.3) billion for the full year of 2020.</p><p>o Adjusted EBITDA loss per order improved by 8.7% year-on-year to US$0.42, compared to US$0.46 for the full year of 2020.</p><p><b>Digital Financial Services </b></p><p>o GAAP revenue was US$469.8 million, up 672.8% year-on-year.</p><p>o Adjusted EBITDA1 was US$(616.9) million, compared to US$(511.1) million for the full year of 2020.</p><p>o TPV for the mobile wallet was US$17.2 billion, up 119.6% year-on-year</p><p><b>2022 Guidance </b></p><p>For the full year of 2022, we currently expect bookings for digital entertainment to be between US$2.9 billion and US$3.1 billion. With many economies reopening further in the fourth quarter and into this year, we have observed some moderation in online activities and fluctuations in user engagement. Moreover, due to unanticipated government actions, Free Fire is currently unavailable in the Google Play and iOS app stores in India. The guidance takes into consideration these headwind factors. The midpoint of the guidance of US$3.0 billion reflects our current expectations that our bookings for 2022 will be close to the level in 2020 while also considering the uncertainty in India.</p><p>They expect GAAP revenue for e-commerce to be between US$8.9 billion and US$9.1 billion. The midpoint of the guidance represents an increase of 75.7% from 2021.</p><p>They expect GAAP revenue for digital financial services to be between US$1.1 billion and US$1.3 billion. The midpoint of the guidance represents an increase of 155.4% from 2021.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105187796","content_text":"Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.Sea shares fell more than 6% after reporting quarterly results.The stock had once previously risen more than 10%.Sea Limited (NYSE: SE) today announced its financial results for the fourth quarter and full year ended December 31, 2021.Fourth Quarter 2021 HighlightsGroup Total GAAP revenue was US$3.2 billion, up 105.7% year-on-year.Total gross profit was US$1.3 billion, up 145.6% year-on-year.Total adjusted EBITDA1 was US$(492.1) million compared to US$48.7 million for the fourth quarter of 2020.Digital Entertainment GAAP revenue was US$1.4 billion, up 104.1% year-on-year.Bookings2 were US$1.1 billion, up 6.8% year-on-year.Adjusted EBITDA1 was US$602.6 million, compared to US$663.5 million for the fourth quarter of 2020.Adjusted EBITDA represented 55.7% of bookings for the fourth quarter of 2021, compared to 65.5% for the fourth quarter of 2020.Quarterly active users (“QAUs”) reached 654.0 million, an increase of 7.1% yearon-year.Quarterly paying users grew by 5.6% year-on-year to 77.2 million and represented 11.8% of QAUs for the fourth quarter compared to 12.0% for the same period in 2020.Average bookings per user were US$1.7, in line with that for the fourth quarter of 2020.Our self-developed global hit game, Free Fire, continued to maintain top global rankings in user and grossing metrics. It remained the most downloaded mobile game globally for the fourth quarter and the full year of 2021, according to data.ai3 , previously known as App Annie, maintaining this leading position for a third consecutive year.Free Fire also ranked second globally by average monthly active users for all mobile games on Google Play in the fourth quarter and the full year of 2021, according to data.ai3.Free Fire continued to be the highest grossing mobile game in Southeast Asia and Latin America for the fourth quarter and the full year of 2021, according to data.ai3. Free Fire has maintained this leading position for the past ten consecutive quarters in Southeast Asia and in Latin America.In the United States, Free Fire was the highest grossing mobile battle royale game for four consecutive quarters for the fourth quarter and full year of 2021, according to data.ai3.Craftland, our recently introduced Free Fire map editor feature, gained strong traction since launch with the most popular maps being subscribed by close to 40 million users so far. They believe that the strong user reception to Craftland is a positive indicator of the result of our continued efforts to encourage user participation in content creation as They build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as the metaverse.They are working on multiple prototype games across different stages through both self-development and publishing pipelines. In 2022 and beyond, They expect to expand our portfolio with more games across diverse genres such as multiplayer action, role-playing, sandbox and casual games.E-commerce GAAP revenue was US$1.6 billion, up 89.4% year-on-year.GAAP revenue included US$1.3 billion of GAAP marketplace revenue4 , up 103.5% year-on-year, and US$0.3 billion of GAAP product revenue5 , up 48.1% year-on-year.Gross orders totaled 2.0 billion, an increase of 90.1% year-on-year.Gross merchandise value (“GMV”) was US$18.2 billion, an increase of 52.7% yearon-year.Adjusted EBITDA1 was US$(877.7) million compared to US$(427.5) million for the fourth quarter of 2020.In Southeast Asia and Taiwan, adjusted EBITDA loss per order before allocation of the headquarters’ common expenses was 15 cents, an improvement from 21 cents in the fourth quarter of 2020.They believe that, in line with the continued scaling of the platform and sustained improvement in unit economics, Shopee is currently on track to achieve positive adjusted EBITDA before allocation of the headquarters’ common expenses in Southeast Asia and Taiwan by this year.In Shopee’s other markets, unit economics also showed consistent improvement year-on-year.In Brazil, where Shopee was launched in late 2019, They have already achieved strong traction with meaningful commercialization and improving efficiency.▪ In the fourth quarter, Shopee Brazil recorded more than 140 million gross orders, growing at close to 400% year-on-year, and more than US$70 million of GAAP revenue, up by around 326% year-on-year.▪ Meanwhile, its adjusted EBITDA loss per order before allocation of the headquarters’ common expenses improved by more than 40% year-on-year to below US$2.For Shopee overall, adjusted EBITDA loss per order was US$0.45, compared to US$0.41 for the fourth quarter of 2020. This increase was attributable to the increasing contribution from the other markets which are at a much earlier stage of development, and therefore are both growing faster and incurring higher adjusted EBITDA loss per order than Southeast Asia and Taiwan.In Southeast Asia and in Taiwan respectively, Shopee continued to rank first in the Shopping category by average monthly active users and total time spent in app for the fourth quarter and for the full year of 2021, according to data.ai3.In Indonesia, where Shopee is the largest e-commerce platform, gross orders grew by around 88% year-on-year. Shopee also continued to rank first in the Shopping category by average monthly active users and total time spent in app for the fourth quarter and for the full year of 2021, according to data.ai3.Shopee Brazil continued to rank first in the Shopping category by downloads and total time spent in app and second by average monthly active users for the fourth quarter and for the full year of 2021, according to data.ai3.Globally, Shopee was the top ranked app in the Shopping category by downloads in the fourth quarter and for the full year of 2021, according to data.ai3 . In the same category, for Google Play, Shopee also ranked first globally by total time spent in app and second by average monthly active users in the fourth quarter and for the full year of 2021, according to data.ai3.Shopee is also building strong brand recognition across our communities. It was the top e-commerce brand in YouGov’s “Best Global Brands 2021” and ranked sixth overall.Digital Financial Services GAAP revenue was US$197.5 million, up 711.1% year-on-year.Adjusted EBITDA was US$(149.8) million, compared to US$(171.3) million for the fourth quarter of 2020.While our SeaMoney business continues to enjoy very strong growth, They are also focused on continuing to improve growth efficiency and expect the segment to achieve positive cashflow by next year.Quarterly active users across our SeaMoney products and services reached 45.8 million, up 89.7% year-on-year.In Indonesia, which has the most comprehensive set of products and services among our markets, over 20% of the quarterly active users6 have used multiple SeaMoney products or services in the fourth quarter. They view this as a highly positive indicator of the strong efficiencies They can leverage in bringing new offerings to our large and fast-growing user base on the Shopee and SeaMoney platforms, which are both highly synergistic with one another and enjoy a strong flywheel effect in the scaling of each platform.Total payment volume (“TPV”) for the mobile wallet was US$5.0 billion, up 70.1% year-on-year.They also expanded various products offerings including credit services to consumers and merchants across more markets, started offering services in digital banking and insurtech in Indonesia and obtained a bank license in the Philippines.Full Year 2021 Highlights Group o Total GAAP revenue was US$10.0 billion, up 127.5% year-on-year.o Total gross profit was US$3.9 billion, up 188.8% year-on-year.o Total adjusted EBITDA1 was US$(593.6) million compared to US$107.0 million for the full year of 2020.Digital Entertainment o GAAP revenue was US$4.3 billion, up 114.3% year-on-year.o Bookings2 were US$4.6 billion, up 44.3% year-on-year.o Adjusted EBITDA1 was US$2.8 billion, up 40.0% year-on-year.o Adjusted EBITDA represented 60.4% of bookings for the full year of 2021, compared to 62.2% for the full year of 2020.E-commerce o GAAP revenue was US$5.1 billion, up 136.4% year-on-year.o GAAP revenue included US$4.1 billion of GAAP marketplace revenue4 , up 155.8% year-on-year, and US$1.1 billion of GAAP product revenue5 , up 82.7% year-on-year.o Gross orders totaled 6.1 billion, an increase of 116.5% year-on-year.o GMV was US$62.5 billion, an increase of 76.8% year-on-year.o Adjusted EBITDA1 was US$(2.6) billion compared to US$(1.3) billion for the full year of 2020.o Adjusted EBITDA loss per order improved by 8.7% year-on-year to US$0.42, compared to US$0.46 for the full year of 2020.Digital Financial Services o GAAP revenue was US$469.8 million, up 672.8% year-on-year.o Adjusted EBITDA1 was US$(616.9) million, compared to US$(511.1) million for the full year of 2020.o TPV for the mobile wallet was US$17.2 billion, up 119.6% year-on-year2022 Guidance For the full year of 2022, we currently expect bookings for digital entertainment to be between US$2.9 billion and US$3.1 billion. With many economies reopening further in the fourth quarter and into this year, we have observed some moderation in online activities and fluctuations in user engagement. Moreover, due to unanticipated government actions, Free Fire is currently unavailable in the Google Play and iOS app stores in India. The guidance takes into consideration these headwind factors. The midpoint of the guidance of US$3.0 billion reflects our current expectations that our bookings for 2022 will be close to the level in 2020 while also considering the uncertainty in India.They expect GAAP revenue for e-commerce to be between US$8.9 billion and US$9.1 billion. The midpoint of the guidance represents an increase of 75.7% from 2021.They expect GAAP revenue for digital financial services to be between US$1.1 billion and US$1.3 billion. The midpoint of the guidance represents an increase of 155.4% from 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097730740,"gmtCreate":1645555801248,"gmtModify":1676534038650,"author":{"id":"4093650286933840","authorId":"4093650286933840","name":"Epicccc","avatar":"https://static.tigerbbs.com/ac3045291fc19fe3a33b73fa2377980c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4093650286933840","authorIdStr":"4093650286933840"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097730740","repostId":"2213958877","repostType":4,"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095108364,"gmtCreate":1644844282076,"gmtModify":1676533967021,"author":{"id":"4093650286933840","authorId":"4093650286933840","name":"Epicccc","avatar":"https://static.tigerbbs.com/ac3045291fc19fe3a33b73fa2377980c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4093650286933840","authorIdStr":"4093650286933840"},"themes":[],"htmlText":"likes pls","listText":"likes pls","text":"likes pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095108364","repostId":"1117298807","repostType":4,"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9095108364,"gmtCreate":1644844282076,"gmtModify":1676533967021,"author":{"id":"4093650286933840","authorId":"4093650286933840","name":"Epicccc","avatar":"https://static.tigerbbs.com/ac3045291fc19fe3a33b73fa2377980c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4093650286933840","authorIdStr":"4093650286933840"},"themes":[],"htmlText":"likes pls","listText":"likes pls","text":"likes pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095108364","repostId":"1117298807","repostType":4,"repost":{"id":"1117298807","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644843901,"share":"https://ttm.financial/m/news/1117298807?lang=&edition=fundamental","pubTime":"2022-02-14 21:05","market":"us","language":"en","title":"Pre-Bell｜Wall Street Futures Bounced; FB To Hold Meeting To Detail Metaverse Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1117298807","media":"Tiger Newspress","summary":"Wall Street futures bounced on Monday, though rising geopolitical tensions between Russia and the We","content":"<html><head></head><body><p>Wall Street futures bounced on Monday, though rising geopolitical tensions between Russia and the West posed a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve to combat surging inflation.</p><p>Russian Foreign Minister Sergei Lavrov on Monday suggested to President Vladimir Putin that Moscow continue along the diplomatic path in its efforts to extract security guarantees from the West, as tensions soar over Ukraine.</p><p><b>Market Snapshot</b></p><p>At 8 a.m. ET, Dow e-minis were up 57 points, or 0.16%, S&P 500 e-minis were up 6 points, or 0.14%, and Nasdaq 100 e-minis were up 3 points, or 0.02%.</p><p><img src=\"https://static.tigerbbs.com/d06a133bf386c620a485abbc0af3dc5a\" tg-width=\"818\" tg-height=\"281\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/SPLK\">Splunk</a> (SPLK) –Cisco Systems(CSCO) made a more than $20 billion takeover bid for the cloud software company, according to people familiar with the matter who spoke to The Wall Street Journal. A deal of that size would represent the networking equipment maker’s largest-ever acquisition. Splunk surged 7.9% in the premarket, while Cisco shares fell 1%.</p><p><a href=\"https://laohu8.com/S/BX\">Blackstone Group LP</a> (BX) – The private-equity firm finalized a $6.3 billion deal to buy Australian casino operator Crown Resorts. Shareholders are expected to vote on the transaction during the second quarter, with the deal also requiring regulatory approval. Blackstone fell 2.6% in the premarket.</p><p><a href=\"https://laohu8.com/S/AJRD\">Aerojet Rocketdyne</a> (AJRD) – Defense contractorLockheed Martin(LMT) has abandoned its $4.4 billion deal to buy the rocket motor builder. Federal regulators had sued to block the transaction in January, amid concerns that the combination would be anti-competitive. Aerojet Rocketdyne fell 2.2% in premarket trading, while Lockheed Martin edged up 0.5%.</p><p><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a> (RIVN) – Soros Fund Management bought nearly 20 million shares of the electric truck maker during the fourth quarter of 2021, according to the fund’s quarterly filing. The stake was worth about $2 million at the time of purchase, but its value has fallen to about $1.17 billion. Rivian was down 1.8% in premarket trading.</p><p><a href=\"https://laohu8.com/S/GRUB\">Just Eat Takeaway.com</a> (GRUB) – Just Eat Takeaway CEO Jitse Groen told a Dutch TV program that the food delivery company’s decision to delist from the Nasdaq should not be taken as a sign that the company intends to sell its Grubhub unit. Groen said the delisting is a cost reduction measure, but added the company is still considering options for the U.S.-based delivery service. Shares fell 1.3% in premarket action.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly and</a> (LLY) – Eli Lilly’s new Covid-19 antibody drug received emergency use authorization from the Food and Drug Administration for use in adults and adolescents. The FDA had placed limitations on earlier Covid treatments after finding they were less effective against the omicron variant.</p><p><a href=\"https://laohu8.com/S/TSN\">Tyson</a> (TSN) – Tyson was downgraded to “equal weight” from “overweight” at Barclays in a valuation call, with the meat and poultry producer’s stock up 12.4% so far this year. Barclays said it sees limited upside potential at current levels, with anticipation of strong quarterly results already priced in. Tyson fell 1.4% in the premarket.</p><p><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a> (TXN) – The chip maker’s stock fell 1.4% in premarket trading after Raymond James downgraded it to “market perform” from “outperform.” The firm points to unanticipated details surrounding a late-cycle increase in capital spending.</p><p><b>Market News</b></p><p>Singapore's Health Sciences Authority (HSA) said on Monday it has granted an interim authorisation for Novavax's COVID-19 vaccine.The first batch of the Nuvaxovid vaccine is expected to arrive in Singapore in the next few months, the HSA said.</p><p>DBS, the first Singapore bank to report this season, said net profit for October-December rose to S$1.39 billion ($1.03 billion) and follows a particularly weak pandemic-hit year when profit tumbled to a three-year low in the fourth quarter.The result, however, missed an average estimate of S$1.47 billion from four analysts polled by Refinitiv, and was also 18% lower than the third quarter, hit by a 41% drop in non-interest income. DBS shares traded flat on Monday.</p><p>In what is likely the most aggressive run of insider stock purchases ever, Asana CEO and co-founder Dustin Moskovitz has bought more than $1 billion of the company’s stock since last June.</p><p>Intel Corp's <a href=\"https://laohu8.com/S/MBLY\">Mobileye</a> unit plans to build and deploy self-driving electric shuttles with its partners in the United States in 2024, in a bid to scale up its automated driving system beyond taxis and delivery vehicles, executives told Reuters.</p><p>Meta Platforms plans to provide more details to its employees this week about how it will realize its vision for the metaverse.The company is encouraging staff to tune in to an all-hands meeting on Tuesday, according to two current employees, one of whom said they were told that a major announcement would be made.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Wall Street Futures Bounced; FB To Hold Meeting To Detail Metaverse Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Wall Street Futures Bounced; FB To Hold Meeting To Detail Metaverse Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-14 21:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street futures bounced on Monday, though rising geopolitical tensions between Russia and the West posed a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve to combat surging inflation.</p><p>Russian Foreign Minister Sergei Lavrov on Monday suggested to President Vladimir Putin that Moscow continue along the diplomatic path in its efforts to extract security guarantees from the West, as tensions soar over Ukraine.</p><p><b>Market Snapshot</b></p><p>At 8 a.m. ET, Dow e-minis were up 57 points, or 0.16%, S&P 500 e-minis were up 6 points, or 0.14%, and Nasdaq 100 e-minis were up 3 points, or 0.02%.</p><p><img src=\"https://static.tigerbbs.com/d06a133bf386c620a485abbc0af3dc5a\" tg-width=\"818\" tg-height=\"281\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-Market Movers</b></p><p><a href=\"https://laohu8.com/S/SPLK\">Splunk</a> (SPLK) –Cisco Systems(CSCO) made a more than $20 billion takeover bid for the cloud software company, according to people familiar with the matter who spoke to The Wall Street Journal. A deal of that size would represent the networking equipment maker’s largest-ever acquisition. Splunk surged 7.9% in the premarket, while Cisco shares fell 1%.</p><p><a href=\"https://laohu8.com/S/BX\">Blackstone Group LP</a> (BX) – The private-equity firm finalized a $6.3 billion deal to buy Australian casino operator Crown Resorts. Shareholders are expected to vote on the transaction during the second quarter, with the deal also requiring regulatory approval. Blackstone fell 2.6% in the premarket.</p><p><a href=\"https://laohu8.com/S/AJRD\">Aerojet Rocketdyne</a> (AJRD) – Defense contractorLockheed Martin(LMT) has abandoned its $4.4 billion deal to buy the rocket motor builder. Federal regulators had sued to block the transaction in January, amid concerns that the combination would be anti-competitive. Aerojet Rocketdyne fell 2.2% in premarket trading, while Lockheed Martin edged up 0.5%.</p><p><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a> (RIVN) – Soros Fund Management bought nearly 20 million shares of the electric truck maker during the fourth quarter of 2021, according to the fund’s quarterly filing. The stake was worth about $2 million at the time of purchase, but its value has fallen to about $1.17 billion. Rivian was down 1.8% in premarket trading.</p><p><a href=\"https://laohu8.com/S/GRUB\">Just Eat Takeaway.com</a> (GRUB) – Just Eat Takeaway CEO Jitse Groen told a Dutch TV program that the food delivery company’s decision to delist from the Nasdaq should not be taken as a sign that the company intends to sell its Grubhub unit. Groen said the delisting is a cost reduction measure, but added the company is still considering options for the U.S.-based delivery service. Shares fell 1.3% in premarket action.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly and</a> (LLY) – Eli Lilly’s new Covid-19 antibody drug received emergency use authorization from the Food and Drug Administration for use in adults and adolescents. The FDA had placed limitations on earlier Covid treatments after finding they were less effective against the omicron variant.</p><p><a href=\"https://laohu8.com/S/TSN\">Tyson</a> (TSN) – Tyson was downgraded to “equal weight” from “overweight” at Barclays in a valuation call, with the meat and poultry producer’s stock up 12.4% so far this year. Barclays said it sees limited upside potential at current levels, with anticipation of strong quarterly results already priced in. Tyson fell 1.4% in the premarket.</p><p><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a> (TXN) – The chip maker’s stock fell 1.4% in premarket trading after Raymond James downgraded it to “market perform” from “outperform.” The firm points to unanticipated details surrounding a late-cycle increase in capital spending.</p><p><b>Market News</b></p><p>Singapore's Health Sciences Authority (HSA) said on Monday it has granted an interim authorisation for Novavax's COVID-19 vaccine.The first batch of the Nuvaxovid vaccine is expected to arrive in Singapore in the next few months, the HSA said.</p><p>DBS, the first Singapore bank to report this season, said net profit for October-December rose to S$1.39 billion ($1.03 billion) and follows a particularly weak pandemic-hit year when profit tumbled to a three-year low in the fourth quarter.The result, however, missed an average estimate of S$1.47 billion from four analysts polled by Refinitiv, and was also 18% lower than the third quarter, hit by a 41% drop in non-interest income. DBS shares traded flat on Monday.</p><p>In what is likely the most aggressive run of insider stock purchases ever, Asana CEO and co-founder Dustin Moskovitz has bought more than $1 billion of the company’s stock since last June.</p><p>Intel Corp's <a href=\"https://laohu8.com/S/MBLY\">Mobileye</a> unit plans to build and deploy self-driving electric shuttles with its partners in the United States in 2024, in a bid to scale up its automated driving system beyond taxis and delivery vehicles, executives told Reuters.</p><p>Meta Platforms plans to provide more details to its employees this week about how it will realize its vision for the metaverse.The company is encouraging staff to tune in to an all-hands meeting on Tuesday, according to two current employees, one of whom said they were told that a major announcement would be made.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117298807","content_text":"Wall Street futures bounced on Monday, though rising geopolitical tensions between Russia and the West posed a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve to combat surging inflation.Russian Foreign Minister Sergei Lavrov on Monday suggested to President Vladimir Putin that Moscow continue along the diplomatic path in its efforts to extract security guarantees from the West, as tensions soar over Ukraine.Market SnapshotAt 8 a.m. ET, Dow e-minis were up 57 points, or 0.16%, S&P 500 e-minis were up 6 points, or 0.14%, and Nasdaq 100 e-minis were up 3 points, or 0.02%.Pre-Market MoversSplunk (SPLK) –Cisco Systems(CSCO) made a more than $20 billion takeover bid for the cloud software company, according to people familiar with the matter who spoke to The Wall Street Journal. A deal of that size would represent the networking equipment maker’s largest-ever acquisition. Splunk surged 7.9% in the premarket, while Cisco shares fell 1%.Blackstone Group LP (BX) – The private-equity firm finalized a $6.3 billion deal to buy Australian casino operator Crown Resorts. Shareholders are expected to vote on the transaction during the second quarter, with the deal also requiring regulatory approval. Blackstone fell 2.6% in the premarket.Aerojet Rocketdyne (AJRD) – Defense contractorLockheed Martin(LMT) has abandoned its $4.4 billion deal to buy the rocket motor builder. Federal regulators had sued to block the transaction in January, amid concerns that the combination would be anti-competitive. Aerojet Rocketdyne fell 2.2% in premarket trading, while Lockheed Martin edged up 0.5%.Rivian Automotive, Inc. (RIVN) – Soros Fund Management bought nearly 20 million shares of the electric truck maker during the fourth quarter of 2021, according to the fund’s quarterly filing. The stake was worth about $2 million at the time of purchase, but its value has fallen to about $1.17 billion. Rivian was down 1.8% in premarket trading.Just Eat Takeaway.com (GRUB) – Just Eat Takeaway CEO Jitse Groen told a Dutch TV program that the food delivery company’s decision to delist from the Nasdaq should not be taken as a sign that the company intends to sell its Grubhub unit. Groen said the delisting is a cost reduction measure, but added the company is still considering options for the U.S.-based delivery service. Shares fell 1.3% in premarket action.Eli Lilly and (LLY) – Eli Lilly’s new Covid-19 antibody drug received emergency use authorization from the Food and Drug Administration for use in adults and adolescents. The FDA had placed limitations on earlier Covid treatments after finding they were less effective against the omicron variant.Tyson (TSN) – Tyson was downgraded to “equal weight” from “overweight” at Barclays in a valuation call, with the meat and poultry producer’s stock up 12.4% so far this year. Barclays said it sees limited upside potential at current levels, with anticipation of strong quarterly results already priced in. Tyson fell 1.4% in the premarket.Texas Instruments (TXN) – The chip maker’s stock fell 1.4% in premarket trading after Raymond James downgraded it to “market perform” from “outperform.” The firm points to unanticipated details surrounding a late-cycle increase in capital spending.Market NewsSingapore's Health Sciences Authority (HSA) said on Monday it has granted an interim authorisation for Novavax's COVID-19 vaccine.The first batch of the Nuvaxovid vaccine is expected to arrive in Singapore in the next few months, the HSA said.DBS, the first Singapore bank to report this season, said net profit for October-December rose to S$1.39 billion ($1.03 billion) and follows a particularly weak pandemic-hit year when profit tumbled to a three-year low in the fourth quarter.The result, however, missed an average estimate of S$1.47 billion from four analysts polled by Refinitiv, and was also 18% lower than the third quarter, hit by a 41% drop in non-interest income. DBS shares traded flat on Monday.In what is likely the most aggressive run of insider stock purchases ever, Asana CEO and co-founder Dustin Moskovitz has bought more than $1 billion of the company’s stock since last June.Intel Corp's Mobileye unit plans to build and deploy self-driving electric shuttles with its partners in the United States in 2024, in a bid to scale up its automated driving system beyond taxis and delivery vehicles, executives told Reuters.Meta Platforms plans to provide more details to its employees this week about how it will realize its vision for the metaverse.The company is encouraging staff to tune in to an all-hands meeting on Tuesday, according to two current employees, one of whom said they were told that a major announcement would be made.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039748989,"gmtCreate":1646138974434,"gmtModify":1676534094948,"author":{"id":"4093650286933840","authorId":"4093650286933840","name":"Epicccc","avatar":"https://static.tigerbbs.com/ac3045291fc19fe3a33b73fa2377980c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4093650286933840","authorIdStr":"4093650286933840"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039748989","repostId":"1105187796","repostType":4,"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097730740,"gmtCreate":1645555801248,"gmtModify":1676534038650,"author":{"id":"4093650286933840","authorId":"4093650286933840","name":"Epicccc","avatar":"https://static.tigerbbs.com/ac3045291fc19fe3a33b73fa2377980c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4093650286933840","authorIdStr":"4093650286933840"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097730740","repostId":"2213958877","repostType":4,"repost":{"id":"2213958877","kind":"news","pubTimestamp":1645541584,"share":"https://ttm.financial/m/news/2213958877?lang=&edition=fundamental","pubTime":"2022-02-22 22:53","market":"us","language":"en","title":"Standard General to Buy Broadcaster Tegna for $5.4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2213958877","media":"Bloomberg","summary":"Standard General agreed to acquire Tegna Inc. for $5.4 billion, consummating a yearslong takeover sa","content":"<html><head></head><body><p>Standard General agreed to acquire <a href=\"https://laohu8.com/S/TGNA\">Tegna Inc</a>. for $5.4 billion, consummating a yearslong takeover saga for the television broadcaster.</p><p>The investment firm agreed to pay $24 a share in cash, 39% above Tegna’s Sept. 14 closing price, before media accounts about a possible sale. The deal is expected to close in the second half, according to a statement Tuesday that confirmed a Bloomberg News report. The companies valued the deal at about $8.6 billion, including the assumption of debt.</p><p>In a nod to potential antitrust scrutiny of the purchase, the buyers agreed to pay more if the closing takes longer than expected. The price increases incrementally from 5 cents a share per month after the first nine months, to 12.5 cents in the 14th and 15th months.</p><p>Apollo Global Management Inc. will receive shares in Tegna and won’t have voting rights. After the close, Tegna stations in Austin, Dallas and Houston, Texas, will be acquired by Cox Media Group.</p><p>Tegna jumped 8.1% to $22.65 at 7:51 a.m. before regular trading Tuesday in New York.</p><p>Standard General and Apollo had previously offered about $22 a share for Tegna, Bloomberg News reported in September. That bid was later bumped to $22.65 and then to $24, people familiar with the matter said. Their rivals included media mogul Byron Allen, who had teamed up with Ares Management Corp. last year to offer $23 a share.</p><p>Takeover Saga</p><p>The agreement follows years of pursuit of Tegna, which owns 64 news stations throughout the U.S. as well as media properties such as the True Crime Network, according to its website. Apollo had been in talks to acquire the company two years ago, but ended discussions as the early days of the Covid-19 pandemic upended markets.</p><p>Negotiations were rebooted last year, and the parties have been haggling over issues including Tegna’s concerns that regulators would nix any sale given Apollo’s ownership stake in competitor Cox Media Group, Bloomberg News has reported.</p><p>New York-based Standard General, which was founded in 2007 by Soo Kim, primarily manages event-driven funds but it has made acquisitions. In 2015, it bought more than 1,740 Radio Shack stores through General Wireless Inc., as well the Radio Shack brand in auction related to its bankruptcy.</p><p>Standard General has run two unsuccessful boardroom battles at Tegna in recent years, arguing in both cases that the company was underperforming and in need of a shake-up.</p><p>After the close of the Tegna transaction, Kim will serve as chairman and Deb McDermott, who runs Standard Media, will become chief executive officer.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Standard General to Buy Broadcaster Tegna for $5.4 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStandard General to Buy Broadcaster Tegna for $5.4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-22 22:53 GMT+8 <a href=https://finance.yahoo.com/news/standard-general-buy-broadcaster-tegna-125259474.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Standard General agreed to acquire Tegna Inc. for $5.4 billion, consummating a yearslong takeover saga for the television broadcaster.The investment firm agreed to pay $24 a share in cash, 39% above ...</p>\n\n<a href=\"https://finance.yahoo.com/news/standard-general-buy-broadcaster-tegna-125259474.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TGNA":"Tegna Inc","BK4125":"广播","SMP":"Standard Motor Products Inc","BK4124":"机动车零配件与设备","APO":"阿波罗全球管理","BGC":"BGC GROUP"},"source_url":"https://finance.yahoo.com/news/standard-general-buy-broadcaster-tegna-125259474.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2213958877","content_text":"Standard General agreed to acquire Tegna Inc. for $5.4 billion, consummating a yearslong takeover saga for the television broadcaster.The investment firm agreed to pay $24 a share in cash, 39% above Tegna’s Sept. 14 closing price, before media accounts about a possible sale. The deal is expected to close in the second half, according to a statement Tuesday that confirmed a Bloomberg News report. The companies valued the deal at about $8.6 billion, including the assumption of debt.In a nod to potential antitrust scrutiny of the purchase, the buyers agreed to pay more if the closing takes longer than expected. The price increases incrementally from 5 cents a share per month after the first nine months, to 12.5 cents in the 14th and 15th months.Apollo Global Management Inc. will receive shares in Tegna and won’t have voting rights. After the close, Tegna stations in Austin, Dallas and Houston, Texas, will be acquired by Cox Media Group.Tegna jumped 8.1% to $22.65 at 7:51 a.m. before regular trading Tuesday in New York.Standard General and Apollo had previously offered about $22 a share for Tegna, Bloomberg News reported in September. That bid was later bumped to $22.65 and then to $24, people familiar with the matter said. Their rivals included media mogul Byron Allen, who had teamed up with Ares Management Corp. last year to offer $23 a share.Takeover SagaThe agreement follows years of pursuit of Tegna, which owns 64 news stations throughout the U.S. as well as media properties such as the True Crime Network, according to its website. Apollo had been in talks to acquire the company two years ago, but ended discussions as the early days of the Covid-19 pandemic upended markets.Negotiations were rebooted last year, and the parties have been haggling over issues including Tegna’s concerns that regulators would nix any sale given Apollo’s ownership stake in competitor Cox Media Group, Bloomberg News has reported.New York-based Standard General, which was founded in 2007 by Soo Kim, primarily manages event-driven funds but it has made acquisitions. In 2015, it bought more than 1,740 Radio Shack stores through General Wireless Inc., as well the Radio Shack brand in auction related to its bankruptcy.Standard General has run two unsuccessful boardroom battles at Tegna in recent years, arguing in both cases that the company was underperforming and in need of a shake-up.After the close of the Tegna transaction, Kim will serve as chairman and Deb McDermott, who runs Standard Media, will become chief executive officer.","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
