US81141R1005 - ADR
SEA LTD-ADR
NYSE:SE (11/20/2024, 4:29:48 PM)
After market: 114.39 -0.07 (-0.06%)114.46
+0.78 (+0.69%)
Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. The company employs 62,700 full-time employees The company went IPO on 2017-10-20. The firm operates three core businesses of e-commerce, digital financial services, and digital entertainment, known as Shopee, SeaMoney and Garena. Its segments are e-commerce, digital financial services, and digital entertainment. The platform of Garena offers mobile and personal computer (PC) online games and develops mobile games for the global market. The company offers e-sports and provides access to other entertainment content and social features, such as live-streaming of gameplay, user chat, and online forums. The platform of Shopee is a mobile-centric, social-focused marketplace. The company provides users a shopping environment with integrated payment, logistics infrastructure, and seller services. SeaMoney provides various payment services and loans to individuals and businesses. The company operates in Indonesia, Taiwan, Thailand, Singapore, Malaysia, and the Philippines.
SEA LTD-ADR
1 Fusionopolis Place, #17-10 Galaxis
Singapore 138522
P: 6562708100
CEO: Forrest Xiaodong Li
Employees: 62700
Website: https://www.sea.com/
The major indexes retreated, with Treasury yields climbing to four-month highs.
Shares of e-commerce and gaming company Sea (NYSE:SE) jumped 16.2% in the morning session after the company reported strong third-quarter earnings that blew past analysts' revenue and EBITDA expectations. The EBITDA beat was partly due to its lower sales and marketing expenses compared to the same quarter last year. This is sending shares higher because a key debate surrounding Sea is whether the company can hop off the treadmill of marketing spend, which used to exceed its revenue in previous years. Overall, this quarter had some key positives.
SE earnings call for the period ending September 30, 2024.
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