Welcome to our dedicated page for Sea American Depositary Shares, each representing one news (Ticker: SE), a resource for investors and traders seeking the latest updates and insights on Sea American Depositary Shares, each representing one stock.
Sea Limited (NYSE: SE) is a prominent consumer internet company based in Southeast Asia and Taiwan. Our mission is to enhance the lives of consumers and small businesses in our region through technology.
Sea Limited boasts three core businesses:
- Shopee: Launched in 2015, Shopee has rapidly become the largest and most popular e-commerce platform in Southeast Asia and Taiwan. It offers a highly social and mobile-first shopping experience, facilitating a trusted and enjoyable marketplace for buyers and sellers. In 2018, Shopee recorded over 603 million orders and a gross merchandise value (GMV) of $10.3 billion. It was also the most downloaded shopping app in Southeast Asia and Taiwan.
- Garena: Garena is a global leader in the gaming industry, known for developing the smash hit mobile battle royale game, Free Fire. With over 450 million registered users and 50 million peak daily active users as of May 2019, Free Fire is among the world's most popular games. Garena also publishes AAA mobile and PC titles such as Arena of Valor, League of Legends, and Speed Drifter, making it the largest games publisher in the region.
- SeaMoney: This arm of Sea Limited focuses on providing financial services, primarily credit lending, to Southeast Asia's underserved populations.
Sea Limited’s growth is driven mainly by Shopee, which operates as a hybrid C2C and B2C marketplace across eight core markets. Indonesia is the largest, contributing 35% of GMV. Other significant markets include Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. Garena continues to be a strong revenue generator, with Free Fire accounting for 74% of gaming revenue in 2021 and being the most downloaded game in January 2022. SeaMoney rounds out the company’s diversified portfolio by offering much-needed financial services to the region.
For the latest updates on Sea Limited, including performance, events, and developments, stay tuned to our news section.
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.
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