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The profitability of Shopee is threatened due to the entry of new competitors and Sea's aggressive spending, while the decline in Garena jeopardizes Sea Ltd.'s overall growth. Future success may hinge on live-streaming investments and competition with firms like TikTok and Alibaba.
Singapore's Sea Plunges 22% After Unexpected Loss From Rising Competition
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$Sea(SE.US$
• Revenue +5% Y/Y to $3.3B ($90M beat).
• EPS -$0.26 ($0.29 miss).
Shopee marketplace +18% Y/Y to $1.9B
Garena Bookings +1% Q/Q to $0.4B.
SeaMoney revenue +37% Y/Y to $0.4B.
Sea Limited plans to focus on investing in the business to boost their market share and their position as marketleader. For the long term that's a good sign.
• Revenue +5% Y/Y to $3.3B ($90M beat).
• EPS -$0.26 ($0.29 miss).
Shopee marketplace +18% Y/Y to $1.9B
Garena Bookings +1% Q/Q to $0.4B.
SeaMoney revenue +37% Y/Y to $0.4B.
Sea Limited plans to focus on investing in the business to boost their market share and their position as marketleader. For the long term that's a good sign.
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Inflation in the US, as measured by the change in the Consumer Price Index, declined to 3.2% on a yearly basis in October, the US Bureau of Labor Statistics reported on Tuesday.
CPI
• YoY: 3.2% vs 3.3% est; 3.7% prior
Core CPI
• YoY: 4.0% vs 4.1% est; 4.1% prior
Market reaction to US CPI data
The US Dollar came under heavy selling pressure with the immediate reaction. The benchmark 10-year US Treasury bond yield was down nearly 3% on the day at around 4.5%. T...
CPI
• YoY: 3.2% vs 3.3% est; 3.7% prior
Core CPI
• YoY: 4.0% vs 4.1% est; 4.1% prior
Market reaction to US CPI data
The US Dollar came under heavy selling pressure with the immediate reaction. The benchmark 10-year US Treasury bond yield was down nearly 3% on the day at around 4.5%. T...
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$Tesla(TSLA.US$ hello xiaomi, im your chinese brother Polestar 5! can you spot the difference ? 🤣 which one of us look more like our father Tesla model 3?
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$Alibaba(BABA.US$ I'm back in baba Call Dec 29 at 87. The Summit was a success, earnings beat ...
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