Sea Stock Tumbles 22% as the Company Swings Back to Loss After New Rivals Take a Toll
Sea Ltd : Q3 GAAP EPS of -$1.01 misses by $1.01. Revenue of $3.3B beats by $90M.Sea stock tumbled 14% after posting fiancial results.Total gross profit was US$1.4 billion, up 17.4% year-on-year.Total net loss was US$ million, as compared to total net loss of US$ million for the third quarter of 2022.Total adjusted EBITDA1 was US$35.3 million, as compared to a loss of US$ million for the third quarter of 2022.As of September 30, 2023, cash, cash equivalents, short-term and other treasury investm