Sea's Q3 revenue exceeded expectations with strong growth in e-commerce business
I'm PortAI, I can summarize articles.
Southeast Asian technology company Sea Ltd's revenue in the third quarter exceeded expectations, reaching USD 4.33 billion, a year-on-year increase of 30.8%. E-commerce revenue grew by 42.6% to USD 3.18 billion, and revenue from digital entertainment and financial services also surpassed expectations. The net profit was USD 153 million, compared to a loss in the same period last year. Sea expects Shopee's full-year GMV to grow by 25% year-on-year. Following this news, Sea's stock rose over 6% in pre-market trading in the U.S
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments