SEA's Q1 Earnings, markets buying the fact?
@MaverickWealthBuilder:
$Sea Ltd(SE)$ 22Q1 earnings' released, both revenue and profit beats, surging 13% post market. It is still 65% plummet YTD due to oversold Q1 revenue $2.9 billion, +64.4% YOY, beats consensus $2.77 billion; Gross profit $1.17 billion, +81% YOY, beats consensus $990 million; Non-GAAP Net loss $445 million compared with $320 million last year, consensus $659 million; EBITDA was loss $509.9 million, in line consesus, compare to a profit of $88.1 million last year. The e-commerce drags, but not that perssimistic The single-quarter revenue was 1.5 billion US dollars, a year-on-year increase of 64.4%, which was lower than the market expected consensus of