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Sea Widens FY22 GAAP Revenue From e-Commerce Guidance From $8.9B-$9.1B To $8.5B-$9.1B

Benzinga Real-time News ·  May 17, 2022 06:41

Given the elevated macro uncertainties, we now see a wider dispersion of potential scenarios for Shopee for the full year of 2022 and hence are revising our e-commerce guidance to correspondingly reflect this view. We now expect GAAP revenue for e-commerce to be between US$8.5 billion and US$9.1 billion, representing 71.8% growth from 2021 at the midpoint of the broader guidance, compared to the previous guidance of between US$8.9 billion and US$9.1 billion.

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