To The Moon

"$Sea Ltd(SE)$reported second-quarter FY22 revenue growth of 29% year-on-year to $2.94 billion, missing the consensus of $2.97 billion. Its stock fell nearly 13% in early market trading on Tuesday.

Digital Entertainment revenue decreased -12.1% Y/Y to $900.26 million, and bookings were $0.72 billion versus $1.20 billion a year ago. The segment adjusted EBITDA was $333.6 million, compared to $740.9 million a year ago.

Quarterly active users were 619.3 million, compared to 725.2 million a year ago. [Surprised]

Average bookings per user were $1.2 versus $1.6 a year ago.

E-commerce and other services revenue increased 75.6% Y/Y to $1.76 billion. Adjusted EBITDA loss for Shopee overall was -$648.1 million versus -$579.8 million a year back. [Surprised]

Marketplace revenue grew 61.9% Y/Y, and product revenue rose 13.6% Y/Y. Gross orders rose 41.6% Y/Y. Gross merchandise value increased 27.2% Y/Y.

Digital Financial Services revenue grew 214.4% Y/Y to $279 million.

The mobile wallet total payment volume rose 35.7% Y/Y to $5.7 billion.

Adjusted EPS loss of -$1.03 beat the consensus loss of -$1.21. Sea Ltd held $7.8 billion in cash and equivalents.

Sea suspended e-commerce GAAP revenue guidance for the full year 2022 amid macro uncertainties. [Duh] "

Overall does not look that good [Thinking] .

DYODD before investing [OK]