Sea Limited American Depositary Shares, each representing one - SE STOCK NEWS

Sea Limited (NYSE: SE) announced its financial results for Q2 2023, reporting total GAAP revenue of $3.1 billion, up 5.2% YoY. Total net income was $331.0 million, compared to a net loss of $931.2 million in Q2 2022. E-commerce GAAP revenue was $2.1 billion, up 20.6% YoY. Digital Entertainment GAAP revenue was $529.4 million. Digital Financial Services GAAP revenue was $427.9 million, up 53.4% YoY.

Sea Limited (NYSE: SE) will announce its second quarter 2023 results on August 15, 2023. The company's management will host a conference call to discuss the results, with a live webcast available on the company's website. A replay of the conference call will also be available on the company's investor relations website.

On March 30, 2023, Infinix launched the HOT 30 series, featuring the HOT 30 and HOT 30i models, designed for enhanced mobile gaming. These models are powered by the MediaTek Helio G88 processor and include a 6.78-inch screen with a 90Hz refresh rate. Collaborating with Free Fire, Infinix customized the devices to improve gaming experiences through software and hardware enhancements. Key features include 33W fast charging, a 5000mAh battery, and a 50-megapixel camera. The series is positioned competitively in the market, targeting young consumers with budget-friendly options. Further details on pricing and availability will be announced via Infinix's channels.

Sea Limited (NYSE: SE) reported financial results for Q4 and full year 2022, highlighting significant improvements. Q4 GAAP revenue reached US$3.5 billion (up 7.1% YoY), with gross profit at US$1.7 billion (up 29.5% YoY) and a positive net income of US$422.8 million, a turnaround from a loss of US$(616.3) million in Q4 2021. Adjusted EBITDA also improved to US$495.7 million. For the year, total GAAP revenue was US$12.4 billion, increasing 25.1% YoY, although the net loss narrowed to US$1.7 billion. The company continues to focus on profit and efficiency amid a volatile market.

Sea Limited (NYSE: SE) will announce its fourth quarter and full year 2022 results on March 7, 2023, before U.S. market opening. The management will host a conference call at 7:30 AM U.S. Eastern Time to discuss these results, with a live webcast available on the Company’s website. Dial-in numbers include 1-888-317-6003 for U.S. Toll Free participants. A replay will be accessible on the investor relations website. Sea Limited operates three main segments: Garena (digital entertainment), Shopee (e-commerce), and SeaMoney (digital payments) across Southeast Asia.

Sea Limited (NYSE: SE) released its Q3 2022 financial results, reporting a GAAP revenue of US$3.2 billion, a 17.4% increase year-on-year. Gross profit rose 21.7% to US$1.2 billion. The net loss remained stable at US$(569.3) million, improving by 38.9% quarter-on-quarter. E-commerce revenue surged 32.4% year-on-year to US$1.9 billion, driven by strong core marketplace growth. However, digital entertainment revenue declined by 18.8% year-on-year to US$892.9 million. The company aims for adjusted EBITDA breakeven for Shopee by end of 2023.

Valmont Industries (NYSE: VMI) announces the appointment of Gene Padgett as SVP, Finance and Chief Accounting Officer, effective November 1, 2022. Padgett, who has nearly three decades of experience, will oversee accounting and SEC reporting, reporting directly to CFO Avner Applbaum. Previously, he served as Chief Accounting Officer at DXP Enterprises and held roles at Enbridge Energy and Duke Energy. Additionally, Tim Francis has been appointed as Senior Vice President and Finance Business Partner, Global Operations. Both appointments aim to enhance Valmont's global finance and operational efficiency.