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LionelSeng
2023-08-15

Core business is gaining and turning more profitable but still sold down. Ridiculous mr market

Singapore's Sea Misses Quarterly Revenue Estimates

Aug 15 - Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services.U.S.-listed shares of Sea tanked 14% in trading before the bell.Revenue grew over 5% from a year earlier to $3.10 billion, compared with analysts' estimate of $3.20 billion, according to Refinitiv data.In the three months ended June 30, revenue from e-commerce, which contributes about two-thirds of the company's top-line,

Singapore's Sea Misses Quarterly Revenue Estimates

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Ridiculous mr market","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/209202434130096","repostId":1136947087,"repostType":2,"repost":{"id":"1136947087","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1692095737,"share":"https://www.laohu8.com/m/news/1136947087?lang=&edition=full","pubTime":"2023-08-15 18:35","market":"us","language":"en","title":"Singapore's Sea Misses Quarterly Revenue Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1136947087","media":"Reuters","summary":"Aug 15  - Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services.U.S.-listed shares of Sea tanked 14% in trading before the bell.Revenue grew over 5% from a year earlier to $3.10 billion, compared with analysts' estimate of $3.20 billion, according to Refinitiv data.In the three months ended June 30, revenue from e-commerce, which contributes about two-thirds of the company's top-line,","content":"<html><head></head><body><p>Aug 15 (Reuters) - Technology firm <a href=\"https://laohu8.com/S/SE\">Sea Ltd </a> signaled on Tuesday it will boost investments in its core e-commerce business which may lead to losses in some quarters, pivoting its strategy after months of cost cuts and weak performance in the second quarter.</p><p style=\"text-align: start;\">U.S.-listed shares of Sea tanked 14% in trading before the bell.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/baeb3eb722cddcfff756a90d9a9e2796\" title=\"\" tg-width=\"603\" tg-height=\"608\"/></p><p style=\"text-align: start;\">Southeast Asia&#39;s biggest listed technology firm began a major overhaul last year involving cutting its workforce by 10% and lowering marketing spends, which helped Sea deliver its first-ever quarterly net profit in December.</p><p>However, the rapid rise in digital services has largely tapered from the boom seen during the peak pandemic period, with Sea&#39;s top-line growth dropping to single-digits in the past three quarters from over 100% seen in some quarters of 2021.</p><p style=\"text-align: start;\">&#34;We have started, and will continue, to ramp up our investments in growing the e-commerce business across our markets. Such investments will have impact on our bottom-line and may result in losses for Shopee and our group as a whole in certain periods,&#34; said Forrest Li, chairman and group CEO at Sea.</p><p>Sea posted mixed results in the three months ended June 30, as tepid consumer spending amid a challenging macroeconomic outlook pressured its e-commerce business and caused a steep decline in its mobile gaming unit.</p><p style=\"text-align: start;\">Revenue grew 5.2% from a year earlier to $3.10 billion, below Refinitiv estimates of $3.20 billion. However, per share earnings were a comfortable 12 cents higher than expectations at 54 cents, signaling gains from the cost measures.</p><p>Sea&#39;s e-commerce business Shopee, which contributes about two-thirds to the group&#39;s top-line, grew about nearly 21% to $2.1 billion. It was below consensus estimate of $2.25 billion, despite Sea posting 10% sequential growth in active buyers in the second quarter and raising platform commissions earlier this year.</p><p style=\"text-align: start;\">Sales from the digital entertainment segment, which includes gaming platform Garena, fell over 41%, declining for the fifth quarter in a row. Sales from the financial services business were up over 53%.</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>Singapore's Sea Misses Quarterly Revenue Estimates</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\">\nSingapore's Sea Misses Quarterly Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-08-15 18:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Aug 15 (Reuters) - Technology firm <a href=\"https://laohu8.com/S/SE\">Sea Ltd </a> signaled on Tuesday it will boost investments in its core e-commerce business which may lead to losses in some quarters, pivoting its strategy after months of cost cuts and weak performance in the second quarter.</p><p style=\"text-align: start;\">U.S.-listed shares of Sea tanked 14% in trading before the bell.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/baeb3eb722cddcfff756a90d9a9e2796\" title=\"\" tg-width=\"603\" tg-height=\"608\"/></p><p style=\"text-align: start;\">Southeast Asia&#39;s biggest listed technology firm began a major overhaul last year involving cutting its workforce by 10% and lowering marketing spends, which helped Sea deliver its first-ever quarterly net profit in December.</p><p>However, the rapid rise in digital services has largely tapered from the boom seen during the peak pandemic period, with Sea&#39;s top-line growth dropping to single-digits in the past three quarters from over 100% seen in some quarters of 2021.</p><p style=\"text-align: start;\">&#34;We have started, and will continue, to ramp up our investments in growing the e-commerce business across our markets. Such investments will have impact on our bottom-line and may result in losses for Shopee and our group as a whole in certain periods,&#34; said Forrest Li, chairman and group CEO at Sea.</p><p>Sea posted mixed results in the three months ended June 30, as tepid consumer spending amid a challenging macroeconomic outlook pressured its e-commerce business and caused a steep decline in its mobile gaming unit.</p><p style=\"text-align: start;\">Revenue grew 5.2% from a year earlier to $3.10 billion, below Refinitiv estimates of $3.20 billion. However, per share earnings were a comfortable 12 cents higher than expectations at 54 cents, signaling gains from the cost measures.</p><p>Sea&#39;s e-commerce business Shopee, which contributes about two-thirds to the group&#39;s top-line, grew about nearly 21% to $2.1 billion. It was below consensus estimate of $2.25 billion, despite Sea posting 10% sequential growth in active buyers in the second quarter and raising platform commissions earlier this year.</p><p style=\"text-align: start;\">Sales from the digital entertainment segment, which includes gaming platform Garena, fell over 41%, declining for the fifth quarter in a row. Sales from the financial services business were up over 53%.</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":"1136947087","content_text":"Aug 15 (Reuters) - Technology firm Sea Ltd  signaled on Tuesday it will boost investments in its core e-commerce business which may lead to losses in some quarters, pivoting its strategy after months of cost cuts and weak performance in the second quarter.U.S.-listed shares of Sea tanked 14% in trading before the bell.Southeast Asia's biggest listed technology firm began a major overhaul last year involving cutting its workforce by 10% and lowering marketing spends, which helped Sea deliver its first-ever quarterly net profit in December.However, the rapid rise in digital services has largely tapered from the boom seen during the peak pandemic period, with Sea's top-line growth dropping to single-digits in the past three quarters from over 100% seen in some quarters of 2021.\"We have started, and will continue, to ramp up our investments in growing the e-commerce business across our markets. Such investments will have impact on our bottom-line and may result in losses for Shopee and our group as a whole in certain periods,\" said Forrest Li, chairman and group CEO at Sea.Sea posted mixed results in the three months ended June 30, as tepid consumer spending amid a challenging macroeconomic outlook pressured its e-commerce business and caused a steep decline in its mobile gaming unit.Revenue grew 5.2% from a year earlier to $3.10 billion, below Refinitiv estimates of $3.20 billion. However, per share earnings were a comfortable 12 cents higher than expectations at 54 cents, signaling gains from the cost measures.Sea's e-commerce business Shopee, which contributes about two-thirds to the group's top-line, grew about nearly 21% to $2.1 billion. It was below consensus estimate of $2.25 billion, despite Sea posting 10% sequential growth in active buyers in the second quarter and raising platform commissions earlier this year.Sales from the digital entertainment segment, which includes gaming platform Garena, fell over 41%, declining for the fifth quarter in a row. Sales from the financial services business were up over 53%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":315,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["INTC"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":80,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}