Sea’s Shopee turns first profit after fending off TikTok, Lazada
Its US shares climbed 10.5 per cent, the biggest gain since August. The Singapore-based company reported overall net income that topped estimates at US$153.3 million (S$205 million), as well as a better-than-projected 31 per cent rise in revenue to US$4.3 billion for the September quarter.
Sea beats revenue estimates as Shopee turns profitable, shares jump
(Reuters) -South East Asian technology firm Sea Ltd beat third-quarter revenue estimates on Tuesday and said its e-commerce business, Shopee, turned profitable, sending its shares up more than 17% in early trading.
Shopee-Owner Sea Surpasses Revenue Estimates on Strong E-Commerce Demand
Sea's e-commerce platform, Shopee, saw growth in purchases across Southeast Asia and Taiwan as consumers prepared for the upcoming holiday and travel season. The company has also diversified into digital finances and entertainment,
Sea tops profit estimates after fending off TikTok, Lazada
The results alleviate some concerns about the prospects for online retail arm Shopee. Read more at straitstimes.com.
Shopee-owner Sea surpasses revenue estimates on steady e-commerce demand
(Reuters) -Southeast Asian technology firm Sea Ltd beat estimates for third-quarter revenue on Tuesday, helped by steady growth in its e-commerce, entertainment and financial services businesses. U.S.
Sea Ltd. soars after strong revenue beat, analyst sees more upside to shares
Shares of Singapore-based e-commerce company Sea Ltd. (NYSE:SE) surged as much as 20.6% on Tuesday after it posted a solid rise in third-quarter revenue, helped by double-digit percentage growth in all its business segments,
Shopee parent Sea jumps as Q3 revenue comes ahead of expectations
Sea Ltd. (NYSE:SE) saw its shares pop more than 7% in premarket trading Tuesday after the tech conglomerate reported better-than-expected revenue for the third quarter of fiscal 2024 year. The company delivered earnings per share (EPS) of $0.
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