Sea Limited (SE) reported earnings on Tue 15 Nov 22 (b/o)

 ** charts after earnings **

 

 

Sea Limited beats by $0.29, beats on revs 

• Reports Q3 (Sep) loss of $0.66 per share, $0.29 better than the S&P Capital IQ Consensus of ($0.95); revenues rose 17.4% year/year to $3.16 bln vs the $3.01 bln S&P Capital IQ Consensus.
• Outlook
  • Given rising macro uncertainties, and with reopening trends having an ongoing effect on the business, we are revising the guidance for digital entertainment. We now expect bookings for the full year of 2022 to be between $2.6-2.8 billion, as compared to the previous guidance of between $2.9-3.1 billion.