I'm LongbridgeAI. Here is the key information I extracted- The company reported total revenue of 8.582 billion dollars up 43.4% year-over-year, but its diluted earnings per share of 0.78 dollars missed analyst expectations.…
Sea (SE.US) fell more than 3% during regular trading to $71.50, hitting a 52-week low intraday.
The company reported third-quarter revenue of $8.58 billion, up about 43.4% from a year earlier, while adjusted EBITDA came in at $931 million, missing expectations. Diluted earnings per share were $0.78, below the analyst consensus of $0.99. Credit loss provisions surged 82.3% and marketing costs rose 64%, outpacing revenue growth and weighing on margins alongside higher spending on artificial intelligence and cloud services.
Jefferies lowered its price target on Sea to $142 from $164 while maintaining a Buy rating. The company also authorized an additional $1 billion for share buybacks and is considering spinning off its financial services unit Monee.
Based on public media reports. AI-generated; not investment advice.